L

Lord Thurlow (CB)

Speaking in the House of Lords on 27 February 2025

Debate

Non-Domestic Rating (Multipliers and Private Schools) Bill

Contribution

My Lords, most of the amendments this afternoon have concerned schools. I want to return to commercial premises in my contribution on this group. Amendments 75 and 76 in the names of the noble Baronesses, Lady Barran and Lady Scott of Bybrook, are included; theirs deal with schools but the core principles of our three amendments are similar. As we have heard from noble Lords, there is widespread concern at the haste with which the outstanding consultations and studies are to be carried out—presumably to coincide with the rating revaluation, which cuts in in a few months’ time. I am afraid that that is not a good enough reason to curtail the chance to do these studies properly; the noble Lord, Lord Lexden, has just made a powerful intervention on precisely that. We can rush it and create bad law or do it properly and get it right. As I explained in our debate on the first group this afternoon, there is currently under way an update of rateable values, which, until I heard the Minister’s comments at that time, I understood was not to be completed until June. I am delighted to hear that it is possibly available immediately, as we would all love to see the figures. It is unfortunate timing, as those businesses and schools will not know their new rateable values until then, yet here we are legislating in ignorance of this new and significant fixed cost. As explained, it is the third-highest cost to an RHL business after staff and rent. I stress that this amendment would change nothing concerning the material content of the Bill. It is merely timing. I simply want a further 12 months to assess the impact on these hundreds, possibly thousands, of businesses, particularly those small businesses that are trying to make decisions regarding future investment, which the country needs to invigorate growth, but cannot until they know their cost base.

More from Lord Thurlow (CB)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.