High Street Retailers

Debate between Lord Bourne of Aberystwyth and Lord Christopher

Wednesday 4th July 2018 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, as I have indicated, co-operation with our EU partners is central to this, but it is also wider than that and the Brexit issue. This is something on which we need international co-operation, as noble Lords are aware, and it is important to take it forward on that basis.

[Lord Christopher (Lab)]

My Lords, may I ask the noble Lord what is the basis of assessment for business rates of internet companies? Does it differ, and if so in what way, from ordinary high street shops?

[Lord Bourne of Aberystwyth]

My Lords, the basis of business rates is associated with rental values. Therefore, one of the issues is that businesses in a town centre tend to pay higher business rates than those on the outskirts of a town, or online shops—those operating via the internet perhaps with warehouse premises elsewhere. That is the level playing field to which noble Lords refer, which we are committed to in our manifesto and driving forward internationally.