Therese has warmly welcomed the measures set out in today's Budget to help our high streets. This afternoon in Parliament the Chancellor announced he will knock a third off the business rates of pubs, shops, restaurants and cafes that have a rateable value of up £51,000 for the next two years.
Therese said: "This is a very welcome announcement for our small and independent high street traders along the Suffolk Coast. This rate relief of £900M is a big investment in the future of our high streets."
Therese added: "I have continued to highlight the challenges of business rates, particularly for small independent stores and leisure providers. After meetings last year with the Chancellor that helped generate the £300m business rates relief fund which councils could use to help local businesses, I'm delighted that the Chancellor continues to listen to the voices of Suffolk Coastal businesses."
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