My Lords, would the noble Baroness perhaps explain to us what stability this decision gives to businesses which have really been struggling? For these businesses, rental values and rateable values are sure to decline in any revaluation that took place when it should. What stability is there for those businesses that were looking forward to some relief from a reduction in business rates? Is it not traditionally the case that there is a period of transitional relief for businesses that might suffer or be subject to an increase, in order to spread and dampen it?
Growth and Infrastructure Bill
Proceeding contribution from
Lord McKenzie of Luton
(Labour)
in the House of Lords on Monday, 4 February 2013.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Growth and Infrastructure Bill.
Type
Proceeding contribution
Reference
743 c126 
Session
2012-13
Chamber / Committee
House of Lords chamber
Librarians' tools
Timestamp
2013-11-19 11:16:11 +0000
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