Oral QuestionDepartment for Business and Trade

“If he will make a statement on his departmental responsibilities.”

Tabled: 27 August 2024Answered: 5 September 2024

Answering Minister

the Secretary of State for Business and Trade

Answer from Hansard

The Parliamentary Under-Secretary of State for Business and Trade (Gareth Thomas)

I would be happy to meet my hon. Friend to discuss the question about a banking hub in his constituency. As he will have heard in answers that I gave earlier, reform of the business rates system to tackle some of the egregious disincentives in respect of the need to invest in our high streets and the competition from online giants is something we took seriously in opposition and continue to take seriously in government. Colleagues in the Treasury are working hard to bring forward proposals to reform the business rates system.