Jo Swinsons answers question about Lib Dem plans to cut buisness rates

The video features a Q&A session where Simon Jack from BBC News questions a policy to replace business rates with a tax on landlords. Concerns are raised about potential rent increases and the assumption of rising commercial land values. The policy aims to support struggling High Street businesses by shifting the tax burden. Economic assumptions are discussed, including the impact of leaving the EU on the economy.

What is the proposed change to business rates discussed in the media questions?

• Abolishing business rates and introducing a tax on landlords

• Introducing a new tax on high street sales

• Increasing business rates for online competitors

• Reducing business rates for small businesses

What concern does Simon Jack raise about the new tax policy?

• It could increase footfall on the High Street

• It may not generate enough revenue

• It could decrease online competition

• It might lead to higher rents for businesses

What assumption is the cost analysis of the new tax policy based on?

• Online sales will decline

• High street footfall will increase

• Business rates will decrease over time

• Commercial land values will continue to rise

How might leaving the European Union affect the economic assumptions of the new policy?

• It will stabilize the commercial land values

• It will boost the economy significantly

• It will have no impact on the economy

• It could lead to a hit to the economy

What is the ultimate goal of the proposed policy change?

• To rescue the High Street and support struggling businesses

• To increase online competition

• To reduce government spending

• To eliminate all business taxes