Speaking at the party’s conference in Manchester, shadow chancellor Sir Mel Stride said businesses needed “hope” as he set out a “radical plan” to rebuild the economy.
Sir Mel said the Conservatives would always be the party of “fiscal responsibility” as he outlined plans to slash welfare and help young people on to the housing ladder.
He told the conference: “Under Labour, many have seen their business rates double.
“We need to get business rates down. In fact, we need to go further – much, much further.
“So, today I can announce that as a direct result of getting public spending under control, a future Conservative government will completely abolish business rates for shops and pubs on our high streets.
“End of. End of. Finished. Gone.”
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