Stephen Kinnock
Main Page: Stephen Kinnock (Labour - Aberavon)(8 years, 10 months ago)
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Stephen Kinnock (Aberavon) (Lab)
My hon. Friend mentioned business rates. As we know, the lack of investment in machinery and technology is a major reason for the United Kingdom’s productivity crisis. The steelworks at Port Talbot in my constituency invested £185 million in a new blast furnace, which led to a £400,000 increase in business rates. Does he agree that we need to have a business rates holiday until the review is completed at the end of 2015? It is urgent that we increase competitiveness and productivity.