Rating and Valuation (S.I., 2009, No. 204)

I have no doubt at all about the extent of the problems being experienced by many businesses in ports as a result of the imposition of large, backdated business rates. Those are bills that businesses could not have anticipated. The problems are exacerbated by the general economic situation, and my concern is that the proposal will pose a threat to businesses, jobs and regeneration. Certainly, it is easy to see that the port of Liverpool's spectacular success in recent times has been linked very closely to the regeneration of the city itself. I am extremely disturbed by the fact that the order, together with the economic situation, could threaten that regeneration. I support the findings of the Treasury Committee, which I believe should be recognised. I am very sorry that the Government do not feel able to implement the recommendations now, even though some recognition should be given to their attempts to do something about the situation. The proposals that we are considering this evening are not sufficient to deal with the problem, and the issue of liabilities on company balance sheets is a matter of very grave concern. While I believe that the House should recognise that the proposals are intended to assist port businesses, I know that they will not resolve the problem. For that reason, I ask my right hon. Friend the Minister and his colleagues to continue to give this very important matter their consideration. If it cannot be resolved today, I hope that it can be resolved in the future.