Labour is reversing 14 years of Tory decline and breathing new life into high streets up and down the country. Our second Budget will lower business rates and clamp down on illegal high street activity to deliver lasting change for communities. This is alongside our landmark Pride in Place programme that will revitalise our high streets.
What does this mean?
- Labour’s £5 billion Pride in Place programme is giving people across the UK the power to revitalise their neglected high streets and restore pride in their communities.
- Labour is introducing permanently lower business rates tax for over 750,000 retail, hospitality and leisure properties, as well as clamping down on illegal high street activity in premises like mini-marts, barbershops, vape shops, nail bars and car washes.
Secretary of State for Housing, Communities and Local Government, Steve Reed, said:
“When people step out of their front doors, they know their communities are struggling. They see shuttered pubs, fading high streets and their local areas in decline.
“Yes, communities have been stretched – but they haven’t given up. They’re working hard to make things better, and we’re backing them.
“The Government is putting power into their hands so local people decide how best to restore pride in their neighbourhoods, not us in Westminster.
“That’s what real patriotism looks like: building up our communities and choosing renewal over division.”