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 mentioned in the text?

How much is the initial cost of the proposed policy in year one?

What assumption is made regarding commercial land values?

What challenges are businesses on the High Street currently facing?

What impact could leaving the European Union have on the economy according to the text?