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Oliver Secures Government Boost for Local High Streets

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Wednesday, 31 October, 2018
  • Westminster News
Oliver Dowden CBE MP

Oliver has welcomed the measures announced by the Chancellor of the Exchequer, the Rt Hon Philip Hammond MP, in the recent Budget to boost Britain’s high streets.

Speaking after the Chancellor’s speech on Monday, Mr Dowden said: ‘It was good to see measures in the Budget to aid struggling high streets, with cuts to business rates and a high street regeneration fund. I have consistently lobbied for more support for our borough and will now push for it to receive its fair share of funds to help our towns and villages.

‘I also welcome announcements on new cash for pothole repairs and a beer duty freeze, which I lobbied for as well.’

In the Chancellor’s statement to the Commons he outlined that business rates will be cut by a third for 90 per cent of shops, saving them up to £8,000 each year.

Beer, wine and spirit duty will be frozen yet again, backing our wonderful local pubs.

There will also be £675 million for a Future High Streets Fund and a new High Streets Taskforce. This will support councils to implement plans for the transformation of their high streets.

Finally, £420 million will be immediately provided to help tackle potholes, bridge repairs and other minor works.

Oliver added: ‘I will continue to push as your MP over the coming months to make sure that these pledges are delivered on the ground for our community.’

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