Context
Representatives from Bournemouth's night-time economy met with Jessica Toale to discuss challenges such as rising costs and business rates. The sector is struggling despite being resilient.
Question
Last month, I met representatives of Bournemouth town centre’s night-time economy at one of the newest additions to our high street, Barbara’s Bier Haus. The sector is incredibly resilient but is grappling with a number of challenges, such as changing consumer behaviour and rising costs. One issue that is common across our hospitality and retail sectors is prohibitively high business rates. Can the Minister update us on the progress that we are making towards business rates reform, and tell us how this will give the night-time economy the security it needs to be prosperous?
Answer from Torsten Bell (The Parliamentary Secretary to the Treasury)
I completely recognise my hon. Friend’s point. Last autumn, alongside announcing immediate support for retail, hospitality and leisure properties, the Government published a discussion paper setting out our priorities for wider reform, and I know the Exchequer Secretary has met a wide range of businesses on this subject. We are delivering permanently lower business rates for these sectors, and we will announce further policy details at the Budget in the autumn.
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