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Future of Town Centres and High Streets

That is absolutely right. Bank lending is a real problem for small businesses, and one that the Government need to address in terms of the larger economic situation. Returning to business rates, I also highlight the problem with the Valuation Office Agency. I recently had a Rochdale bar owner attend my surgery, describing how the VOA had told him that it assumed his takings would be about £179,000 per year—a figure that he could only dream of achieving. I know from my own dealings with the VOA that its performance leaves a lot to be desired. Not only is it difficult to deal with, it is also slow to act. Thousands of businesses in Greater Manchester have appealed against the new business rate valuations, yet the VOA admitted that in 2010 it could deal with only 3% of the appeals made, leaving a massive backlog that still needs clearing. The VOA is now refusing to publish what percentage of appeals are successful—presumably to discourage businesses from challenging its valuations. We should not underestimate the impact that business rates and the VOA are having on the high street. I urge the Government to give those issues more urgent attention. I started by mentioning consumer confidence. We cannot underestimate the adverse impact that our country's economy is having on our high streets. For all the tweaks and adaptations that can be made locally, it is the level of unemployment, the fear of becoming unemployed, the lack of credit for small businesses and high inflation that will make or break our high streets. To conclude, the Portas review provides worthwhile recommendations on which the Government can act, but there needs to be urgent action, and the Government need to recognise the effect that their economic policies are having on our high streets.