Part of the debate – in the Senedd at 4:27 pm on 4 May 2022.
Well, I'm not sure whether you're a unionist or not, Joyce, to be perfectly honest, after that intervention. I'm a unionist, I believe in the United Kingdom and so should you if you are a member of the so-called Labour unionist party.
Now, one of the biggest burdens on businesses in Wales is non-domestic rates, and that has been a long-standing issue for businesses. At the end of the third Assembly, there was an opposition debate on the Welsh economy, very similar to this one, and in opening that debate in 2011, my colleague Darren Millar said we have the least competitive business rates environment in the whole of the United Kingdom. Well, fast-forward to 2022 and that's still the case. Welsh businesses pay 53.5p, in stark contrast to England, where small businesses pay 49.9p and large businesses pay 51.2p, and in Scotland, where small businesses pay 49.8p and big businesses pay 52.4p. Welsh businesses continue to have the highest business rates, and I know, from the conversations that I've had with businesses in my own constituency, that business rates continue to be a real burden for businesses, particularly small businesses.
Now, I appreciate—[Interruption.] I will in a minute, Mike. I appreciate that there is support available for eligible small businesses with a rateable value of up to £6,000 and tapered relief for those with a rateable value of between £6,001 and £12,000, but there's still more that needs to be done. Indeed, the Federation of Small Businesses's recent report 'A Vision for Welsh Towns' also called for decision makers at all levels to address and alleviate the immediate cost pressures that existing small retail businesses and town centres are enduring, including business rates, parking and direct business support. Now, the Minister for Finance and Local Government has recently made it clear that the Welsh Government will be bringing forward legislation to move towards a three-yearly revaluation cycle so that Welsh businesses will be in line with other parts of the UK, but we're yet to hear exactly when that legislation is coming forward. And so perhaps in responding to this debate the Minister will update us on what progress is now being made in this area and in terms of wider business rates reform. And I give way to the Member for Swansea East.