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Business Rate

Volume 210: debated on Tuesday 30 June 1992

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To ask the Secretary of State for the Environment what effect he expects his measures to alleviate the uniform business rate to have on (a) retail, (b) manufacturing, (c) service and (d) other businesses in East Anglia; and if he will make a statement.

[holding answer 29 June 1992]: We estimate that 31,000 businesses in East Anglia will benefit from the provisions of the Non-Domestic Rating Act 1992, to the tune of about £14 million during 1992–93. The table shows our estimate of the spread of the savings across different business sectors in East Anglia.

Business sectorsNumber of businesses (000s)Aggregate savings (£m)
In addition, businesses in East Anglia will benefit from the change allowing property to retain any transitional relief if it changes hands after 10 March this year.