{"id":33004,"date":"2019-11-15T14:30:47","date_gmt":"2019-11-15T14:30:47","guid":{"rendered":"http:\/\/thevoiceoflondon.co.uk\/?p=33004"},"modified":"2019-11-15T14:30:47","modified_gmt":"2019-11-15T14:30:47","slug":"tories-to-slash-business-rates","status":"publish","type":"post","link":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/tories-to-slash-business-rates\/","title":{"rendered":"Tories promise to slash business rates"},"content":{"rendered":"<p><strong>The Conservatives say they will reduce rates on pubs, shops and cinemas<\/strong><\/p>\n<p>Boris Johnson says the tax paid by businesses owning property \u2013 known as business rates \u2013 will be cut.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today we\u2019re announcing that a Conservative majority government will cut business rates for shops, cinemas and pubs.<\/p>\n<p>We want to unleash the potential of all our towns, cities and villages. <a href=\"https:\/\/t.co\/ISWdkXowFB\">pic.twitter.com\/ISWdkXowFB<\/a><\/p>\n<p>&mdash; Boris Johnson (@BorisJohnson) <a href=\"https:\/\/twitter.com\/BorisJohnson\/status\/1195266172280856576?ref_src=twsrc%5Etfw\">November 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Tory leader has promised that if he returns to Number 10, he would make cutting the tax a priority.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-33033\" src=\"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2019\/11\/Busrates-1.png\" alt=\"\" width=\"1184\" height=\"1712\" srcset=\"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2019\/11\/Busrates-1.png 800w, https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2019\/11\/Busrates-1-207x300.png 207w, https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2019\/11\/Busrates-1-708x1024.png 708w, https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2019\/11\/Busrates-1-768x1111.png 768w\" sizes=\"auto, (max-width: 1184px) 100vw, 1184px\" \/><br \/>\n<em>Infographic by Scott Mathew<\/em><\/p>\n<p>It is an election pledge intended on wooing business \u2013 particularly small businesses who the Tories have said will benefit most from the proposed cuts.<\/p>\n<p>Business rate discounts are currently at 33 per cent but if re-elected, the Tories will increase that discount for small businesses to 50 per cent.<\/p>\n<p>This would take effect from the 2020\/21 financial year.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A majority Conservative government will cut business rates for:<\/p>\n<p>\u2714\ufe0f Shops<br \/>\u2714\ufe0f Cinemas<br \/>\u2714\ufe0f Pubs<\/p>\n<p>Because we believe in supporting small and medium-sized businesses, who create jobs and boost our economy. <a href=\"https:\/\/t.co\/46hnnxy5Y1\">pic.twitter.com\/46hnnxy5Y1<\/a><\/p>\n<p>&mdash; Conservatives (@Conservatives) <a href=\"https:\/\/twitter.com\/Conservatives\/status\/1195333630001909760?ref_src=twsrc%5Etfw\">November 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Small businesses which own and operate from premises valued at \u00a315,000 or less fall under the small business rates relief scheme.<\/p>\n<p>Under the relief scheme, businesses with properties valued between \u00a312,001 and \u00a315,000 pay the discount at 33 per cent while those at \u00a312,000 or below are exempt from paying rates.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cheers!<\/p>\n<p>A Conservative majority government will give greater support to our local communities.<\/p>\n<p>\ud83d\udecd Cutting business rates for small businesses.<br \/>\ud83c\udf7b Save pubs.<br \/>\ud83d\udcee Save post offices.<br \/>\ud83c\udfe1 Re-connect our towns &amp; villages to the rail network. <a href=\"https:\/\/t.co\/T6texggBgH\">pic.twitter.com\/T6texggBgH<\/a><\/p>\n<p>&mdash; Conservatives (@Conservatives) <a href=\"https:\/\/twitter.com\/Conservatives\/status\/1195318530469707776?ref_src=twsrc%5Etfw\">November 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Self-employed people, small business owners, aspiring entrepreneurs and people planning start-ups are traditionally loyal Conservative voters.<\/p>\n<p>But Mr Johnson was accused of anti-business sentiment by businesses back in June 2018 when, as foreign secretary, he dismissed business concerns over Brexit saying \u201cF**k business.\u201d<\/p>\n<p>Outlining the intentions of the proposal, Mr Johnson \u2013 who is standing for re-election in the constituency of Uxbridge and South Ruislip \u2013 said that the measures would help \u201coverlooked and left-behind towns\u201d.<\/p>\n<p>He said: &#8220;We need to help people put the heart back into the places they call home.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m sure The Cross Inn in <a href=\"https:\/\/twitter.com\/hashtag\/Bromsgrove?src=hash&amp;ref_src=twsrc%5Etfw\">#Bromsgrove<\/a> and thousands of pubs &amp; small shops throughout the country will welcome our plans for further cuts to business rates. When you back business, you back Britain! <a href=\"https:\/\/twitter.com\/hashtag\/VoteConservative?src=hash&amp;ref_src=twsrc%5Etfw\">#VoteConservative<\/a> <a href=\"https:\/\/t.co\/MwzIbALEeu\">pic.twitter.com\/MwzIbALEeu<\/a><\/p>\n<p>&mdash; Sajid Javid (@sajidjavid) <a href=\"https:\/\/twitter.com\/sajidjavid\/status\/1195298502902996993?ref_src=twsrc%5Etfw\">November 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Sajid Javid said that the policy &#8211; which he will enact as chancellor of the exchequer if a Conservative government is returned to office &#8211; will help business like small shops, pubs and cinemas.<\/p>\n<p>Last month, <em>The Guardian<\/em> reported that the House of Commons Treasury select committee had concluded that the business rates system was \u201cbroken\u201d and that an alternative was urgently needed.<\/p>\n<p>The British Retail Consortium has criticised the plan and issued a statement saying that the plans did not \u201cgo far enough.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u201cTo ensure the long-term vitality of our town and city centres, the next government should follow the recommendations of the treasury select committee and commit to wholesale reform of our broken business rates system,\u201d (3\/3)<a href=\"https:\/\/twitter.com\/hashtag\/BusinessRates?src=hash&amp;ref_src=twsrc%5Etfw\">#BusinessRates<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/GE2019?src=hash&amp;ref_src=twsrc%5Etfw\">#GE2019<\/a><\/p>\n<p>&mdash; The British Retail Consortium (@the_brc) <a href=\"https:\/\/twitter.com\/the_brc\/status\/1195305629860151296?ref_src=twsrc%5Etfw\">November 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Labour and Liberal Democrat parties are yet to release their own official policies on business rates.<\/p>\n<p>The Conservative party announced its business rates plan as Labour announced they would <a href=\"http:\/\/thevoiceoflondon.co.uk\/boris-johnson-calls-labours-pledge-for-free-broadband-for-all-a-crackpot-scheme\/\">part-nationalise British Telecom to allow free broadband<\/a> by 2030.<\/p>\n<p><strong>Words: Scott Mathew | Image credit: Unsplash.com<\/strong><\/p>\n<p><strong>Infographic images copyright: ClipArtMag, IntriguingHistory.com and Deposit Photos<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Conservatives say they will reduce rates on pubs, shops and cinemas Boris Johnson says the tax paid by businesses owning property \u2013 known as business rates \u2013 will be cut. Today we\u2019re announcing that&#8230;<\/p>\n","protected":false},"author":476,"featured_media":33019,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[],"class_list":["post-33004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts\/33004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/users\/476"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/comments?post=33004"}],"version-history":[{"count":0,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts\/33004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/media\/33019"}],"wp:attachment":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/media?parent=33004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/categories?post=33004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/tags?post=33004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}