Lib Dems to scrap business rates to "breathe new life" into high streets in Carshalton and Wallington

The Liberal Democrats have announced plans to scrap business rates and replace them with a landowner levy, to "breathe new life" into local high streets.


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, by ensuring that local authorities can maintain the level of investment they need.

The proposals would cut taxes for businesses by 6% in Sutton, spurring high-street growth.

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 for Carshalton and Wallington, Tom Brake, said:

"Many retailers and small businesses in Sutton 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. Even their latest proposals just pass the buck to already overstretched local authorities, robbing communities of investment, and fail to provide businesses with long-term security.

"The Liberal Democrats will shift the tax burden from tenants to commercial 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."

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