High Street Regeneration and Unlawful Storefronts
The hon. Member is correct that the issue is acutely felt in rural areas. I am delighted that the Conservative party has put forward a plan to abolish business rates for thousands of small businesses, including shops, pubs and hospitality businesses on the high street. I will come on to some solutions to the challenges we face. There are 1,400 postcodes across the country that do not have a bank within a 5-mile radius, which demonstrates the scale of the challenge. One in seven high street shops across the country are currently empty. An estimated 38 businesses close every day. When businesses close, there are job losses, with an estimated 93,000 retail jobs lost in 2025 alone. In the hospitality sector, it is reported that up to 5,000 jobs are being lost per month. I make a plea to the Government to change course on the additional costs that they have placed on small businesses across the country. They are unquestionably killing employment and putting greater pressure on the long-term viability of those businesses.