Retail Trade: Urban Areas

(asked on 13th May 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps he is taking to support the economic sustainability of the high street.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 21st May 2019

At Budget 2018, the Government set out Our Plan for the High Street to help local high streets to evolve and adapt to changing consumer demands. This included a cut for smaller retailers to business rates by a third for two years from 1 April 2019. The Government also announced a new £675m Future High Streets Fund to support local areas to make high streets fit for the future. £55 million of the Fund has also been allocated to support the regeneration of historic high streets and town centres.

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