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Saturday, 29 November 2014

MP calls for business rate cut

South Lakes MP Tim Farron is calling on the Chancellor to agree to freeze fuel duty until 2015 and review business rates.

The Chancellor of the Exchequer, George Osborne, will give his annual Autumn Statement to Parliament on December 5th. The statement provides an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility.

Mr Farron has asked the chancellor to agree to freeze fuel duty until 2015. His second request is that the Chancellor do more to help our High Streets by looking at business rates. Last year, Chancellor George Osborne announced his plan to postpone the review of business rates until 2017. This would leave retailers paying rates which have seen a 13 per cent increase in just three years. A revaluation in the next couple of years could mean those with decreasing rents will also see a significant saving; as business rates are brought in line.

In September, Tim also called on the Government to give small businesses the same business rate relief that charity shops enjoy. Charity shops receive 80 per cent mandatory non-domestic business rates relief, funded by central government.

Mr Farron said: “If we can freeze fuel duty it will make a big difference to local people and businesses. In rural areas like ours a car is not a luxury; it is a necessity of life. The government has made listened to MPs like myself in the past and have agreed to freeze fuel duty – I hope they do it again.

“I am also calling for the government to help small businesses and to help our High Streets by looking at businesses rates. We need to do more to support them, in my discussions with businesses, the rates they pay comes up as the number one issue. If we can help them we can create more jobs locally and boost our towns.”

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