Part of 1. Questions to the First Minister – in the Senedd at 1:33 pm on 4 June 2024.
Natasha Asghar
Conservative
1:33,
4 June 2024
First Minister, let's bring it back to Wales now. We're in the Welsh Parliament; let the UK Government focus on their own things. Now, First Minister, businesses in Wales are finding it increasingly difficult to stay afloat following the Welsh Government's decision to cut business rate relief. Labour Ministers' move to slash the relief from 75 per cent to 40 per cent now means that businesses with a rateable value of £15,000 will be left with a rates bill of nearly £8,500. This isn't just a couple of pennies or pounds, First Minister; we're talking about businesses being expected to find thousands of pounds. UK Labour's Shadow Chancellor, Rachel Reeves, recently described your party as the natural party of British businesses and said that you are pro worker and pro business. That's simply not true, is it, First Minister, under Labour, because here in Wales we have the highest business rates in Great Britain, extremely low business survival rates, the second lowest gross value added growth since 1999 out of the UK nations, and the highest economic inactivity levels out of the four nations. So, do you think the Welsh Government should finally stop punishing hardworking businesses and start helping them thrive? And do you not think a good place to start would be reintroducing the 75 per cent rate relief support? Thank you.
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