Written Question·Treasury·UIN 2185
Business: Closures
Tabled: 29 July 2024
Answered: 5 September 2024
Question
Jon Pearce
Labour — High Peak
To ask the Chancellor of the Exchequer, how many high street businesses in (a) Wellingborough constituency, (b) Northamptonshire and (c) England have closed in each of the last five years; and whether she plans to make changes to the level of business rat
Answer
James MurrayData is not collected by the government on high street closures. The government is committed to a fairer business rates system. The retail sector accounts for approximately 21% of Rateable Value but only contributes 5% to Gross Value Added (GVA). In our m...
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