Asked by: Marcus Fysh (Conservative - Yeovil)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the potential merits of reforming funding for local government to help physical retail and hospitality businesses and high streets.
Answered by Luke Hall - Minister of State (Education)
The Chancellor has announced a review of business rates. The Government is currently considering responses to the review’s call for evidence and has committed to publish a response in Spring 2021. Businesses in the retail, hospitality and leisure sectors have benefitted from rates reliefs worth approximately £10 billion in the current financial year.