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BUSINESS RATES CAP

EDM (Early Day Motion) 2774: tabled on 27 February 2012

Tabled in the 2010-12 session.

This motion has been signed by 18 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House welcomes the campaign by business, retail and property organisations which calls for the Chancellor to cap annual business rates increases at 2 per cent. in line with the Government's inflation target; notes that the proposed 5.6 per cent. business rates increase planned for April 2012 is based on a spike in Retail Prices Indexinflation and bears no correlation tofuture inflation rates; further welcomes the proposed 2 per cent. cap as a progressive measure that will boost jobs and growthby providing business with relief from high inflation, certainty on future rates and the confidence to invest and expand; and calls on the Chancellorof the Exchequer to give strong consideration tointroducing this measure in the Budget.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

There are no withdrawn signatures for this motion.