Non-domestic Rates: Southwark

Department for Communities and Local Government written question – answered on 8th March 2017.

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Photo of Harriet Harman Harriet Harman Chair, Human Rights (Joint Committee), Chair, Human Rights (Joint Committee)

To ask the Secretary of State for Communities and Local Government, what estimate he has made of the average percentage change in rateable values for businesses in (a) Camberwell and Peckham constituency and (b) the London Borough of Southwark in 2017.

Photo of Marcus Jones Marcus Jones Parliamentary Under-Secretary (Department for Communities and Local Government) (Local Government)

The effect of the revaluation of business rates on businesses in (a) Camberwell and Peckham and (b) the London Borough of Southwark will depend on the specific circumstances and location of the relevant property. A £3.6 billion transitional relief scheme will provide support to properties which face an increase in rates. Additionally, my Department has been working closely with the Treasury to determine how best to provide further support to those businesses with the steepest increases. A package of support was subsequently announced at the Budget today. It includes £110 million to support ratepayers losing small business rates relief and rural rate relief as a result of the 2017 revaluation, as well as a £300 million discretionary relief fund for local authorities to help individual businesses that are having the greatest difficulties paying increased rates bills.

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