Business Rates — Question

Part of the debate – in the House of Lords at 3:07 pm on 11th June 2014.

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Photo of Baroness Stowell of Beeston Baroness Stowell of Beeston The Parliamentary Under-Secretary of State for Communities and Local Government 3:07 pm, 11th June 2014

My noble friend is a strong advocate for the retail trade and I am proud that this Government are a strong supporter of the retail sector. It is important for us not to see business rates in isolation. We have the most competitive tax system in the G20 for businesses. It is important that I emphasise to the House that the measures to reduce business rates for businesses announced in the Autumn Statement last year are worth £1 billion. Half of them were aimed specifically at the retail sector and town centres.