Early day motion tabled by primary sponsor Peter Aldous (Conservative), on Monday, 27 February 2012, in the House of Commons. It is signed by 18 members in total.

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BUSINESS RATES CAP

That this House welcomes the campaign by business, retail and property organisations which calls for the Chancellor to cap annual business rates increases at 2 per cent. in line with the Government's inflation target; notes that the proposed 5.6 per cent. business rates increase planned for April 2012 is based on a spike in Retail Prices Indexinflation and bears no correlation tofuture inflation rates; further welcomes the proposed 2 per cent. cap as a progressive measure that will boost jobs and growthby providing business with relief from high inflation, certainty on future rates and the confidence to invest and expand; and calls on the Chancellorof the Exchequer to give strong consideration tointroducing this measure in the Budget.

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Secondary information

Type

Early day motion

Reference

2774 

Session

2010-12

Other sponsors

Peter Bottomley

Alan Meale

Mike Hancock

Baroness Burt of Solihull

Bob Russell

Subjects

Taxation

Link

View this Early day motion on www.parliament.uk