I completely agree with my hon. Friend. I have seen properties in Rochdale with business rates that exceed the price of the rent; that cannot be right. There is a significant and serious problem with business rates. There is no doubt that they are past their sell-by date. Will the Minister use today’s debate to acknowledge that this prehistoric tax regime is unfairly holding businesses back and is not fit for purpose? The Valuation Office Agency needs an urgent overhaul and business rates desperately need reform.
Many people are of course already doing their bit to try to reform our high streets and move away from the chain stores’ monopoly, to give a new generation of people the skills to set up new and diverse businesses. I pay tribute to Retail Ready People, an initiative led by vInspired and the Retail Trust, which works with young people in Rochdale to help them set up a pop-up shop on the high street. It is working all over the country to give young people the skills and confidence to take over empty shops.