Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking through the business rate system to support large retailers that act as anchor stores.

From April 2018 the Government switched the annual indexation of the business rates multiplier from RPI to the lower rate of CPI inflation.

This change is worth almost £6bn over the next five years and benefits all ratepayers, large and small.

The Government is also increasing the frequency of property revaluations, from every five years to every three, so that bills are fairer and more closely reflect properties’ current rental values.