“What fiscal steps he is taking to support high streets and town centres.”
Asked by
Matt Turmaine
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Financial Secretary to the Treasury and Paymaster General (James Murray)
At the Budget, we announced a two-year real-terms freeze to business rates bills for all retail, hospitality and leisure properties in England; cut bills by an extra 20% for pubs and all but the largest live music venues; and removed 70,000 smaller properties from business rates altogether. Taken together, these measures show how the Government are backing our high streets: all retail, hospitality and leisure properties in England are seeing their business rates frozen in real terms, reduced, or cut to zero.