At the Lib Dems' autumn conference, we voted to abolish business rates which many residents blame for Poole’s empty shops and struggling small businesses.
The proposals would see taxes for businesses cut by 12% in Poole and would help rejuvenate the town centre.
Councillor Marion Le Poidevin (Branksome West) has described the plans as “exactly the sort of policy we need to boost local investment and ensure businesses in Poole thrive”.
The report – Taxing Land, Not Investment – calls for the abolition of business rates and its replacement with a tax on land values, the Commercial Landowner Levy (CLL). The levy would remove buildings and machinery from calculations and tax only the land value of commercial sites, boosting investment and cutting taxes for businesses.
Local Lib Dem Millie Earl added: “Time and again I have heard concerns about the devastating impact of business rates on struggling high streets and the wider local economy. It is the responsibility of the current Conservative Government to ensure that our businesses are able to thrive, but ministers are not doing anywhere near enough. Lib Dems demand better. That is why we are campaigning to create the environment needed for local businesses to grow and create jobs in Poole. These plans will boost the local economy with lower bills for shops, manufacturers and hospitality.”
If you agree with us that scrapping business rates would be good for local businesses then please sign our petition: