Therese Welcomes Chancellor's Business Rates Boost for High Streets

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."