Oral Answers to Questions Debate
Full Debate: Read Full DebateLewis Atkinson
Main Page: Lewis Atkinson (Labour - Sunderland Central)Department Debates - View all Lewis Atkinson's debates with the Department for Business and Trade
(1 day, 19 hours ago)
Commons ChamberTo breathe life back into Britain’s high streets, we are addressing antisocial behaviour and crime, rolling out banking hubs, stamping out late payments, establishing a licensing taskforce, empowering communities to fill vacant properties and reforming the business rates system. There is more to do and our forthcoming small and medium enterprise strategy will set out further steps.
Before I had heard about the attractions of Warrington, I had heard about those of Consett. I was pleased to visit my hon. Friend’s constituency and meet many of the great businesses there just before Christmas.
We have introduced measures to fill empty properties, including high-street rental auction powers for councils, which can free up space for new businesses. We are also protecting vital services on the high street through the roll-out of banking hubs, with 170 opened so far. This week, we published our Green Paper on the future of the Post Office, which sets out our plans to do even more to provide banking services on high streets, which, again, I hope will help to bring more footfall on to the high street and help businesses such as the ones that she knows only too well.
In the last Budget, the Government committed to a fairer business rates system that protects the high street. Making sure online retailers pay a fair share of rates will help support businesses on the high street in Sunderland. Will the Minister update the House on the engagement and design work that his Department are carrying out so that that new fairer system can be announced in the Budget?
The Chancellor announced last year that from the next financial year, 2026-27, we intend to introduce permanently lower tax rates for retail hospitality and leisure properties. A permanent tax cut will ensure that those businesses will benefit from much-needed certainty and support. Treasury colleagues have been engaging businesses on their proposals for a fairer business rates system. The Government plan to publish an interim report on their work and more detail will also be set out in the Budget in the autumn.