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 Leigh of Hurley Lord Leigh of Hurley Conservative 3:07 pm, 11th June 2014

My Lords, I draw attention to the register of interests in which I disclose that I am a director of Blue Inc, a profitable company with some 200 shops in the UK. Does my noble friend agree that the Labour Party proposals of an annual revaluation of all retail properties to assess rates would just produce another administrative burden on retailers at a time when they least need it?