Rates relief cut will be a death sentence for many businesses
Responding to calls for the Welsh Government to rethink plans to cut rates relief from 75% to 40%, Andrew RT Davies MS, Leader of the Welsh Conservatives said:
“It’s understandable that businesses across Wales are concerned about the draft budget proposals on business rates relief.
“Local businesses are a huge part of their communities, paying wages and providing services, and the Welsh Government is risking more closures if the rates relief cut goes ahead.
“The Labour Welsh Government should keep Wales competitive and match England’s business rates relief.”
Tom Giffard MS, Shadow Minister for Tourism, said:
“The cut to rates relief will sadly be a death sentence for many businesses in Wales.
“Already we have seen much-loved restaurants closing their doors this new year, and if the rates relief cut goes ahead, we will likely see more and more closing down.
“It’s not too late for the Labour Government to throw hospitality a lifeline and cancel their business rate relief cut.”
