Welsh Conservatives have called on the Labour Government in Cardiff Bay to extend the business rate relief holiday to save jobs in Wales.
Other parts of the UK have already announced an extension to the business rates holiday for a further 12 months for the retail, hospitality, leisure and aviation sectors.
And given the likelihood of continued restrictions on these sectors into the spring, Welsh Conservatives want Labour ministers to use the £650 million of extra coronavirus support announced by the UK Government for Wales last week, to help support Welsh firms and save jobs.
Commenting, Welsh Conservative Shadow Minister for the Economy, Russell George MS said:
“After a tough year, the last thing Welsh businesses need at the start of the recovery is a huge hike in their operating costs.
“That's why the Welsh Labour Government must use the extra £665m in funding it has just received from the UK Government to hold off businesses rates for as many businesses as possible - whilst our highstreets and local businesses recover.
“Labour ministers have no excuses. The money is there sitting in Cardiff Bay coffers and they just need to some show leadership and allocate it to hard-pressed businesses so we can save Welsh jobs.”
ENDS
