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BUSINESS RATES FREEZE

EDM (Early Day Motion) 579: tabled on 16 October 2012

Tabled in the 2012-13 session.

This motion has been signed by 19 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 notes that more than one in nine shops are currently lying empty; understands that two successive rises in the universal business rate (UBR) of 4.6 per cent in 2011 and 5.6 per cent in 2012 have increased retailers' rates bill by more than half a billion pounds; is concerned that a further rise of 2.6 per cent, the RPI figure for September 2012 by which UBR increases are traditionally set, will add an estimated £175 million to the retail sector's rates bill; believes that, combined with tough trading conditions, this will result in a number of retail businesses ceasing to trade, more empty shops on the high street and fewer new jobs, especially for young people; and calls on the Government to recognise that the retail sector has already made its contribution, by freezing business rates in 2013 and reviewing the mechanism by which rates are increased to ensure a fairer and more sustainable formula for the future.

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There are no withdrawn signatures for this motion.