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Rating and Valuation

04 February 2020

Lead MP

Jesse Norman

Debate Type

General Debate

Tags

EconomyTaxationBusiness & Trade
Other Contributors: 5

At a Glance

Jesse Norman raised concerns about rating and valuation in the House of Commons. Other MPs contributed to the debate.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
The order changes the annual inflationary increase in business rates from the Retail Prices Index to the lower Consumer Prices Index for financial year 2020-21, estimated to reduce costs by £6 billion over five years. The standard multiplier will be reduced from 51.6p to 51.2p and the small business multiplier from 50.3p to 49.9p. It also extends retail discounts to independent cinemas and grassroots music venues, providing a pub discount for pubs with rateable values under £100,000.
Assessment & feedback
Summary accuracy

About House of Commons Debates

House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.