Cameron outlines aid package for retailers affected by riots
The Prime Minster has suspended liability for business rates for shops affected by the riots in English towns and cities this week.
In a statement to he House of Commons as Parliament as recalled today, David Cameron also said the Riot Damages Act was being invoked so that businesses would be able to claim compensation from the police for loss of buildings or property as a result of the disorder.
“The government will ensure the police have the funds they need to meet the cost of any legitimate claims,” he told MPs.
The deadline for claims has also been extended from the normal 14 days to 42 days.
“The Association of British Insurers have said they expect the industry to be paying out in excess of £200 million,” Cameron said, “and they have assured us that claims will continue to be dealt with as quickly and constructively as possible.”
The Prime Minister also announced the setting up of a £20 million “high street support scheme” to help affected businesses get back up and running quickly.
“To minimise the costs facing businesses, the government will enable local authorities to grant business rate relief, by funding at least three quarters of their costs,” he added.
He also pledged to review planning laws to make it easier for shops to install protective shutters.