Lobby groups represent over 100,000 UK retailers and businesses, have called on chancellor George Osborne to focus on “reducing the burden” of business rates as a matter of urgency through the use of consumer prices index as a benchmark for the rates system due to the expectation of business rates rising by £400m. With a…Read more
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The Confederation of Business and industry (CBI) have forecast that an extra £400 million will be generated over the 2016-2017 period due to more business’ opening their doors. This sounds like a good thing, however for business’ to have the longevity to keep paying these business rates is another thing totally. The CBI state that…Read more
As we know the government’s revaluation for business rates will affect 1000’s of businesses across the country according to the British Retail Consortium (BRC). This will not only make it more difficult for existing business’ to make a profit and retain staff, but also have a significant impact on new business startups. The BRC expects…Read more
Earlier on in May, the new mayor of London, Sadiq Khan was elected and the Federation of Small Businesses is urging the new mayor to prioritise the reform of business rates in his first 100 days. The top three small business priorities for the Mayor over the course of the next four years are: the…Read more
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