40 Conservative MPs have written to Jeremy Hunt demanding an extension of tax relief for high street businesses.
The letter comes ahead of Wednesday’s Autumn Statement, which is now expected to deliver tax cuts after the Prime Minister delivered a speech this morning promising them.
Stockton MP Matt Vickers, chair of the all-party parliamentary group for retail, leads the charge, asking the Chancellor to extend the 75 percent business rates relief for leisure, hospitality and retail businesses.
The relief was originally brought forward by the Chancellor in November 2022, and is set to end next April.
The letter, signed by senior conservatives including Sir Simon Clarke, Alicia Kearns and Will Wragg – as well as former ministers Simon Baynes, Dehenna Davison and Stephen McPartland – warns the Government that failing to extend the relief could have a “huge and irreversible impact” on high street businesses.
Mr Vickers’ letter commends the impact of the Government’s rate relief …