NEWS


  • MP URGES CHANCELLOR TO REDUCE BUSINESS RATES FURTHER TO HELP OUR HIGH STREETS

    Mel Stride

    CENTRAL DEVON MP Mel Stride met with the Chancellor of the Exchequer Sajid Javid last week and described the challenges faced by high street traders in his constituency in the face of increasing online competition. During his time as Financial Secretary to the Treasury, Mr Stride played a key role in reducing business rates for small and medium-sized businesses by a third and urged the Chancellor to consider further reductions. He argued that the fortunes of our small market towns are tied strongly to the success of our local traders and vibrancy of our high streets.

    Mr Stride explained:

    “Central Devon has some wonderful market towns stretching from Okehampton across to Crediton and down to Chudleigh, Bovey Tracey and Ashburton but trading conditions are not easy. Every year that passes sees a small demographic shift from older generations who are more likely to browse their local shops towards younger people who do most of their shopping online. If we want our high streets to survive, they need to be competitive and continuing to reduce business rates is one way we can achieve this.” 

    Mr Stride started his own business from scratch and ran it successfully for more than 20 years before being elected to Parliament at the age of 48 in 2010. His entrepreneurial background has made him a valuable contributor in Westminster on business issues and this experience led to him serving as the third-highest ranking minister in HM Treasury for two years until June this year. 

    Photo: Mel Stride MP lobbying Chancellor of the Exchequer Sajid Javid to reduce business rates for small businesses.



     







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