Part of 2. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:47 pm on 11 March 2020.
And, finally, sticking with the budget, and with the Chancellor indicating that the UK Government will be launching a fundamental review of business rates, we're certainly of the view that we need a fundamental review, and we wish that we could have moved quicker in Wales. We've had review after review; I'm sure the time should have come some time ago for some action to be taken. As part of that fundamental review, the UK Government will consider plans to scrap business rates and replace them with a land value tax. Now, Plaid Cymru is currently looking at how land value tax might work in Wales; Welsh Government, for some time, has been looking at this. Is now not the time to seize the momentum, that there is a changing context, and the UK Government warming to the idea perhaps? And will we see some action soon on LVT from Welsh Government?