Business Rates Reform

Lord Bassam of Brighton Excerpts

Monday 23rd June 2025 Lords Chamber

[Lord Livermore (Lab)]

We have set out very clearly that we want to go further to modernise the system, over and above the tax cuts that I set out for small properties, exactly for the reasons my noble friend sets out. We have published a discussion paper setting out priority areas for reform that highlights further areas, including how to incentivise investment. Later this summer, we will publish an interim report setting out a clear direction of travel. We will then set out further policy detail in the Budget this autumn.

[Lord Bassam of Brighton (Lab)]

My Lords, could the Minister consider the position of ABIDs and perhaps, when the Government refuse a situation, provide some more incentives for ABIDs, so they act more like a local levy for seaside towns?

[Lord Livermore (Lab)]

I am very happy to take that away and discuss it with my colleagues in MHCLG.