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Lord Leong (Lab)

Speaking in the House of Lords on 4 December 2024

Debate

UK Entrepreneurs

Contribution

My Lords, high streets are the beating heart of our communities, but for far too long, too many of them have been neglected and more and more empty lots are boarded up. We are giving local councils the tools to take back control, putting local communities first, re-energising town centres and driving local communities and opportunities. New measures were announced in the Budget to freeze the small business multiplier for most properties; to lower business rates for leisure, retail and hospitality; and to provide access to finance, committing some £250 million in 2025-26 for small business loans. Now shutters on our great British high streets will be lifted, delivering real action across the board.

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