Chamber raises the profile of the business rates debate at the Welsh Assembly
Pictured above are David Cummings, Chairman of Monmouth and District Chamber of Trade and Commerce, AM Andrew RT Davies and local AM Nick Ramsay on 18th January. Also, Sally Stephenson of the Cowbridge Traders is seen presenting to the Welsh Government a petition from 1700 businesses and individuals in the Cowbridge area opposing the huge increases in business rateable value, which will affect business rates payable from April 2017.
Prior to the photo being taken above, Sally and David had an informal meeting with Andrew RT Davies, leader of the Welsh Conservatives, concerning the business rates issue. It is evident that the Conservatives support the stance by Monmouth and Cowbridge for Wales to adopt the new English system of Small Business Rate relief when the Welsh system is revised in 2018/19.
Following the presentation above, there was robust debate on the subject in the Assembly. Despite being pressed on the subject by assembly members Minister Mark Drakeford would not be drawn on exactly how the extra £10 million promised in mid-December would be allocated to unitary authorities (In Monmouthshire’s case MCC). What is evident is that time s short for a decision to be made as unitary authorities must have the detail by the end of the month, so that they can calculate how to distribute the extra relief and the transitional relief.