Britain’s blighted high streets will improve by next election, says Rayner
Summary
Angela Rayner said shoppers should see improvements on Britain’s struggling high streets before the next general election as government funding and business-rate relief begin to reach local areas. The government announced a £1bn business-rate relief plan and described wider regeneration funds, while business groups called for more fundamental changes to the rates system.Key Facts
- Rayner said the government had made high-street recovery a priority before the next general election.
- The budget set out £1bn over two years in business-rate relief for retail, hospitality and leisure businesses.
- The relief will be partly funded by higher taxes on gambling and vape shops.
- Rayner said £5.8bn had been allocated to the Pride in Place programme and that other funding would start reaching areas from April next year.
- Labour launched a revised Hope on the High Street strategy to coordinate investment and transfer power to local leaders.
- The government also has a £210m fund to help transform derelict buildings.
- Business leaders said Labour should make more fundamental changes to the business-rates system.
- Poundland’s owners filed a notice of intention to appoint administrators, putting up to 12,000 jobs at risk.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
