Business Rates

Treasury written question – answered at on 30 July 2024.

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Photo of John Hayes John Hayes Conservative, South Holland and The Deepings

To ask the Chancellor of the Exchequer, if she will review the effectiveness of the business rates system for small business.

Photo of James Murray James Murray The Exchequer Secretary

The business rates system currently offers support for small businesses through Small Business Rate Relief, which ensures that over a third of business properties already pay no business rates.

As set out in the Labour manifesto, the government intends to replace the current business rates system with one which levels the playing field between high streets and online giants, better incentivises investment, tackles empty properties and supports entrepreneurship.

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