Business rate rise 'height of madness.' says MP

TORRIDGE and West Devon MP Geoffrey Cox has accused the Government of pushing local firms and small shops to the wall by increasing their business rates by five per cent during the recession. This had come at a time when a survey by the Local Government

TORRIDGE and West Devon MP Geoffrey Cox has accused the Government of pushing local firms and small shops to the wall by increasing their business rates by five per cent during the recession. This had come at a time when a survey by the Local Government Association found that four out of five councils were reporting an increase in empty shops in town centers, Mr Cox said. "Gordon Brown is dragging local firms down the road to ruin," he claimed. "It is the height of economic madness to be increasing taxes on local firms in the depths of a recession. "I fear that our small businesses will be hardest hit by these rises, leading to boarded up shops on our high streets and yet more job losses at a time when Jobseekers Allowance claims in Torridge and West Devon have already jumped by 68.5 per cent in the last year. .


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