Lib Dems to scrap business rates to “breathe new life” into high streets in Haltemprice and Howden.
The Liberal Democrats have announced plans to scrap business rates and replace them with a landowner levy, to “breathe new life” into high streets in Haltemprice and Howden.
The party would replace business rates with a commercial landowner levy, based on the value of the land only. This would take the cost off businesses and help support high streets.
The proposals would cut taxes for businesses in East Riding of Yorkshire.
By taxing landowners rather than businesses, half a million small businesses across the country would be spared the burden of property taxation.
Liberal Democrat candidate Linda Johnson said:
“Many retailers and small businesses in Haltemprice and Howden are under pressure from
economic uncertainty, the rise of online retail and the burden of business rates.
“Yet this Conservative government is failing to get to grips with the crisis facing our high streets. Time and again they have promised reviews of business rates but have failed to take action.
“The Liberal Democrats will shift the tax burden from tenants to landlords, so we can breathe new life back into our high streets. We will stop Brexit and build a brighter future, giving local businesses the certainty and support they need to thrive.”