Liberal Democrats to scrap business rates to "breathe new life" into high streets


The Liberal Democrats have announced national plans to scrap business rates and replace them with a landowner levy, to "breathe new life" into high streets.

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Instead, business rates would be replaced with a commercial landowner levy, based on the value of the land only. This would take the cost off businesses and help support high streets, including in York. 

The proposals would cut taxes for businesses by 5% in York.

By taxing landowners rather than businesses, half a million small businesses across the country would be spared the burden of property taxation.

 

Keith Aspden, Liberal Democrat Parliamentary Candidate for York Outer, commented:

"In York, many small businesses continue to face the challenges posed by economic uncertainty, the rise of online retail and the burden of business rates.”

"Yet, the Conservative Government is failing to support our high streets. Time and again, they have promised reviews of business rates but have failed to take action.”

"The Liberal Democrats will shift the tax burden from tenants to landlords, so we can provide real support for our high streets, giving local businesses the certainty and support they need to thrive here in York."


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