Oral Answers to Questions

Shockat Adam Excerpts

Thursday 17th July 2025 Commons Chamber

[Gareth Thomas]

The hon. Gentleman makes an interesting point about what further measures we can take to bear down on the cost of regulation for small businesses. It is one reason the Chancellor set up a licensing taskforce that has brought forward a series of recommendations and will shortly publish its conclusions, which the Government will respond to quickly. We are absolutely determined to do what we can to bear down on the cost of regulation for SMEs.

[Shockat Adam (Leicester South) (Ind)]

I refer the House to my registered interest as a small business owner. Retailers in my constituency, including city centre retailers, tell me that they are on their knees, crippled by soaring costs, rising national insurance contributions, rising antisocial behaviour, expensive and poor parking, and a lack of any city centre regeneration. These long-standing independent businesses—the lifeblood of our community—are now considering closure. Has the Minister considered their clear ask, which is reducing or freezing business rates, and having affordable and accessible parking and community-focused events to revive our high streets?

[Gareth Thomas]

One measure that the hon. Gentleman referenced was business rates. As I said in answer to previous questions, we are determined to introduce permanently lower business rates for the retail sector for businesses with properties under a value of £500,000. I hope that will make a difference to businesses not only in Leicester in his constituency, but more generally across the country.