Tories: Business rates U-turn needs to go further

ODN

Shadow Business Secretary Andrew Griffith says that a reported U-turn by the Government in a hike on business rates for pubs "would be welcome", but says they need to go further, arguing that Chancellor Rachel Reeves "doesn't understand the damage that's being done" by business tax rises. Report by Keechl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00Well, a U-turn will be welcomed.

00:02Pubs and many, many other businesses across the country are bleeding out.

00:06We called on the very day of the Chancellor's Budget just six weeks ago for this measure to be reversed.

00:12It's extremely damaging and it comes on top of so many other headwinds that they're facing low consumer demand

00:19because people don't have confidence in the economy, but also all of the red tape on employment and last year's national insurance rise.

00:25So it's really tough out there for our high streets and anything the government can do to U-turn, the better.

00:32But it also goes to the Chancellor's judgment because they won't take tough decisions on spending.

00:38They keep coming back with more and more taxes on business.

00:41They think they really understand business and they certainly don't understand the damage that's being done.

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