Today's Autumn Statement for Growth 2023 delivers a £4.3 billion business rates package, cutting business rates for small businesses and retail, leisure and hospitality businesses on the high street.

This shields small businesses from unaffordable price increases in their business rates bill and allows them to focus on their priorities like supporting local jobs and growing their business.

At the Autumn Statement 2023, the Conservative Government announced the freezing of the small business multiplier, which will protect over a million ratepayers from an increase in their business rates bills for a fourth consecutive year.

I welcome todays package as part of the Conservative Government’s commitment to make the UK the best place to start and grow a business.

Local businesses and the jobs they support are a lifeline to many people across Bromley and Chislehurst  and over the past three years they have grappled with global shocks such as the pandemic and the energy price spike.

That is why I welcome the news the Conservative Government are offering over £4 billion in business rates relief – supporting hundreds of local businesses in our area.