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Uniform Business Rate

Volume 164: debated on Friday 12 January 1990

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To ask the Chancellor of the Exchequer what forecasts he has made of the impact on the rate of inflation of the uniform business rate; and if he will make a statement.

[holding answer 10 January 1990]: The uniform business rate in 1990–91 will raise in real terms broadly the same amount from business as in 1989–90: it will not add to real business costs as a whole. For future years, there is a statutory guarantee that the national non-domestic rate poundage will increase by no more than the rate of inflation.