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 Lord McKenzie of Luton Lord McKenzie of Luton Shadow Spokesperson (Communities and Local Government) 3:07 pm, 11th June 2014

My Lords, does the noble Baroness agree that the best way to support small businesses would be to prioritise the cutting of business rates in 2015 and freezing them in 2016, as we have proposed, rather than provide a corporation tax cut to some 80,000 businesses? That would help 1.5 million small businesses. Is the noble Baroness aware of reports that identify the negative effects of the Government’s decision to delay the next business rate revaluation? In particular, due to the delay, struggling retailers in the north of England are now subsidising luxury retailers in London’s West End.