Member

As I have said, this Bill is just one part of our plans to reform business rates. In relation to this Bill, the object of the higher multiplier is to ensure that the lower multipliers for RHL properties can be sustainably funded. The higher multiplier will affect fewer than 1% of properties. Targeting only online warehouses or even just warehouses more generally would cut the potential funding for the lower multipliers, so, in relation to the measures in this Bill, we do not see the need for different categories of property within the warehouse sector. For this reason, we are unable to accept the amendment.