Tories to ditch business rates for pubs and shops if they win election
The Conservatives have vowed to abolish business rates for high street shops and pubs should they secure victory in the upcoming general election.Shadow Chancellor Sir Mel Stride made the commitment at the Conservative Party conference on Monday, arguing the “burden of Labour’s tax rises” had been “simply too much to bear” for many businesses.Pledging to “get business rates down”, he said: “I can announce that as a direct result of getting public spending under control, a future Conservative government will completely abolish business rates for shops and pubs on our high street.” He added: “End of. Finished. Gone.”The policy is expected to cost £4 billion, with the Conservatives arguing it would help protect jobs, particularly for young people, at 250,000 businesses across the country.Setting out what he called a “radical plan to rebuild our economy”, he pledged that the Tories would “always be there” for businesses.Sir Mel Stride made the commitment at the Conservative Party conference on Monday More
