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Tories Pledge to Scrap Business Rates for Shops and Pubs
The Conservatives say scrapping business rates will aid 250,000 shops and pubs and protect jobs by easing the financial burden on retail businesses.
- On Monday, Shadow Chancellor Sir Mel Stride pledged to scrap business rates for high street shops and pubs if the Conservative Party wins the next general election.
- Conservatives said the move responds to the `burden of Labour's tax rises` on firms, funded by redirecting public spending cuts including a £47 billion package.
- The measure is expected to cost £4 billion a year and target about 250,000 businesses, with a central government spokesman saying councils would be fully compensated.
- Helen Dickinson, chief executive at the British Retail Consortium, welcomed recognition that the rates system is broken, while a Labour spokesperson said Sir Mel failed to explain how savings would be funded.
- Campaigners said scrapping rates could help reinvigorate town and city centres and relieve thousands of operators, but High Streets UK warned a new `super tax` multiplier risks closures, 84,000 job losses and higher prices for consumers.
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Tories Pledge to Scrap Business Rates for Shops and Pubs
The Conservatives will abolish business rates for high street shops and pubs if they win the next election, the shadow chancellor has promised. Sir Mel Stride made the commitment as he addressed the Conservative Party conference on Monday, saying the “burden of Labour’s tax rises” had been “simply too much to bear” for many businesses. Pledging to “get business rates down”, he said: “I can announce that as a direct result of getting public spend…
·New York, United States
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Evening Standard+3 Reposted by 3 other sources
Tories pledge to scrap business rates for shops and pubs
Sir Mel Stride made the commitment as he addressed the Conservative Party conference.
·London, United Kingdom
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The IndependentReposted by 
The Independent (US)
The Independent (US)Tories to ditch business rates for pubs and shops if they win election
Sir Mel Stride made the commitment as he addressed the Conservative Party conference
·London, United Kingdom
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Coverage Details
Total News Sources18
Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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