Peter Aldous calls for new method to assess high street shops’ rateable value

21st May 2019

Peter Aldous calls on the Government to assess high street shops’ rateable value to reflect their profitability and trading potential so they can compete with out-of-town and online competitors.

Will my right hon. Friend the Chancellor consider changing the method of assessing a property’s rateable value, so that all shops on the high street pay business rates that reflect their profitability and trading potential, putting them on a level playing field with their out-of-town and online competitors?

I understand my hon. Friend’s wish to ensure the vibrancy of the high street, which is going through a very difficult period. Owing to the way in which the business rate system works, relieving the burden on any part of the system means imposing it somewhere else, so we would have to look carefully at that, but I will take my hon. Friend’s representation as a serious proposal and consider it.

Hansard

 

Contact Peter Aldous MP

The Renaissance of East Anglian Fisheries

Construction (Retention Deposit Schemes) Bill

Construction (Retention Deposit Schemes) Bill

Surgeries

Peter holds regular surgeries at various locations in the constituency. Please call 01502 586568 to make an appointment.

Next Surgery: 

Lowestoft, Friday 19th July

 

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