Lord Taylor of Warwick – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Taylor of Warwick on 2015-11-05.

To ask Her Majesty’s Government what assessment they have made of the impact of increasing business rates on retailers’ capacity to tackle low pay.

Lord O’Neill of Gatley

The Government recognises that business rates represent a fixed cost which can be more burdensome during times of economic difficulty. It is currently considering the impact of business rates on the retail sector as part of the ongoing business rates review. The review will complete by the end of the year.

Further, the Chancellor recently set out major plans to devolve new powers from Whitehall to local areas to promote growth and prosperity. This includes giving councils the power to reduce business rates to support businesses in their area.