Gideon Amos

Gideon Amos

Liberal Democrat — Taunton and Wellington

Speaking in the House of Commons on 3 December 2024

Debate

Business Rates: High Street Retailers

Contribution

Businesses like Mr Miles in Taunton High Street are being hit hard by the changes in taxes for hospitality businesses, including the increase in the wage bill and national insurance contributions, and the massive increase in business rates. That business is now considering reducing its opening hours, which would make our high street less vibrant than it should be. One challenge is the £50,000 rateable value limit for the discount, as many high street premises have a rateable value of more than £50,000. Will the Chancellor consider reviewing the limit placed on the business rates discount for small businesses?

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