Sir Keir Starmer pledges to overhaul business rates system to support small firms

Labour promises to level the playing field for small businesses

Sir Keir Starmer has made a bold promise to revamp the business rates system in order to provide much-needed support to small businesses. During a recent campaign visit, the Labour leader reaffirmed his commitment to replacing the current system with one that creates a fairer environment for both high street businesses and online giants.

Ensuring access to banking services and tackling late payments

Accompanied by Shadow Chancellor Rachel Reeves, Starmer also pledged to guarantee small businesses access to essential banking services on their local high streets. Additionally, measures will be put in place to address the issue of late payment of invoices by large companies, with a focus on improving transparency and accountability in payment practices.

Cracking down on antisocial behavior and boosting financial support

In a bid to boost trade and rejuvenate high streets, Sir Keir Starmer promised to tackle antisocial behavior that can drive customers away. Furthermore, he vowed to make Britain a prime location for startups by facilitating access to finance for businesses seeking to expand.

Labour's vision for small business growth

Highlighting the vital role of small businesses in driving economic growth and job creation, Sir Keir emphasized the need for change in the face of economic instability and rising energy costs. Shadow Business Secretary Johnny Reynolds echoed these sentiments, presenting Labour as the party offering stability, hope, and unity for small business owners.