PARLIAMENTARY WRITTEN QUESTION
Business: Closures (7 September 2022)

To ask the Chancellor of the Exchequer, how many high street businesses in (a) England and (b) Battersea constituency have closed each year in the last five years; and whether the Government has plans to make changes to the business rates system.

Asked by:
Marsha De Cordova (Labour)

The most recent review of Business Rates concluded at Autumn Budget 2021. The review reaffirmed the importance of business rates for raising revenue for essential local services and announced a £7 billion package of measures including a new temporary 50 per cent relief for retail, hospitality, and leisure in 2022-23, freezing the multiplier for another year, and extending schemes to support small businesses. Business rates raise over £25 billion a year in England to fund vital local services. The Government is not able to release the specific information requested due to contractual agreements with data providers. The Government keeps all taxes under review. Any future decisions regarding the tax system will be taken in line with the normal Budget process.
Answered by:
Richard Fuller (Conservative)
28 September 2022