UK Parliament / Open data

Business Rates and the Recession

I am grateful to the hon. Lady for that intervention. We have been tantalised with a suggestion from the Minister that some form of transitional relief system will be introduced for businesses that will have large increases. I look forward to hearing a little more detail on how that might operate. Then there are the big initiatives mentioned in the Government amendment. The £20 billion working capital scheme sounds fantastic, but the wheels are turning too slowly and the money is not getting through. Giving an instruction is not like waving a magic wand. Our beloved Chancellor is not Jean-Luc Picard, captain of the Enterprise—he cannot just say, "Make it so," and have the crew comply with miraculous speed. We are not in warp drive; we are not even moving in the right direction. In reality, the Chancellor is more like the captain of the Titanic. There is the iceberg—the ship is moving inexorably towards it. He has given the order to change course, but the crew will not turn the ship around fast enough. In fact, the crew are not obeying orders at all. The captain has failed to supervise them properly, and they have become dissolute in their ways. They need taking in hand by a stronger, more far-sighted captain—one who saw that iceberg looming years ago. He is a captain who would take firm control, nationalise the banks, which are already in majority public ownership, and steer the ship back on the course of prosperity. I refer of course to the cultured, erudite Captain Picard of the Liberal Democrats, my hon. Friend the Member for Twickenham (Dr. Cable). Well, I could go on, but to return to earth for a moment, we should consider another benefit mentioned in the Government amendment, which is the extension of empty property rate relief for businesses with a rateable value of £15,000 or less. I wonder what sort of small business in London would benefit from that empty property rate relief—a purveyor of broom cupboards perhaps, or a car park space owner. The CBI has calculated that at least 5 million sq ft of property has been demolished already to avoid that tax, which is an absolute scandal for business and for the environment. I ask the Minister if we can please see in the Budget an extension of the upper limit on empty property rate relief, at least, which would be sensible.
Type
Proceeding contribution
Reference
490 c395-6 
Session
2008-09
Chamber / Committee
House of Commons chamber
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