In her November Budget, Chancellor Rachel Reeves scaled back business rate discounts that have been in force since the pandemic from 75% to 40% – and announced that there would be no discount at all from April.<\/p>\n
The government has offered some relief by reducing the “multiplier” used to calculate business rates.<\/p>\n
But at the same time the Treasury has readjusted the rateable values of commercial property, meaning some businesses will be faced with bigger bills overall.<\/p>\n
At PMQs, Maskell said: “Having met with many independent business owners, they fear the cumulative impact of the rateable value revision and relief reductions.<\/p>\n
“In York, hospitality sees an average business rate rise of 41%, a music venue 44.4% and many independent shops increase around 27%.<\/p>\n
“It will mean doors closing and trade ceasing, they just can’t do it.<\/p>\n
“So could the prime minister urgently review the business rate proposals, and will he ensure a minister or official attends my business rate summit at the end of January, as I want to avert a crisis on York’s High Street.”<\/p>\n
Sir Keir said talks were ongoing with the hospitality industry, without giving details about what measures were being discussed.<\/p>\n
The PM’s spokesman also refused to give a “running commentary” and said the hospitality industry had been given a \u00a34.3bn support package over three years in the Budget.<\/p>\n