Member

Noble Lords have said there is uncertainty and that there is a lack of transparency in the Government’s plans. Again, I must disagree. The Transforming Business Rates discussion paper, published at the Budget, sets out the priority areas for business rates reform, including how to incentivise investment and growth, how to tackle avoidance and how to ensure the system is more responsive. The paper invites stakeholders to have a conversation with government on these and other improvements to the system that they may wish to suggest, all driven by the Government’s overarching objectives for reform: to protect the high street, encourage investment and create a fairer system that is fit for the 21st century.