Labour promise to replace business rates with property taxes UK Politics Labour has promised to replace business rates with a system of “business property taxation” in a bid to level the playing field between high street businesses and online retailers.
Frasers: Chief calls for reform of ‘outdated’ business rates regime Retail The boss of Frasers Group, Michael Murray, has described the business rates regime as a “disaster” and urged the government to overhaul the system.
Misery for London retailers as they face £575m business rates bill Property Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
A case for cutting business rates? Just look at our high streets September 11, 2023 The UK's declining high streets tell us all we need to know about the success of our punitive tax regime.
Food inflation falls again but business rate hikes could unravel progress November 28, 2023 Increases to business rates and the national living wage could reverse progress made to lower food inflation, experts have warned.
Future of Britain’s high streets depends on business rates support, industries warn November 16, 2023 Britain's high streets could be set for further decline if the government doesn't continue business rates support in the upcoming autumn statement, a group of retail, hospitality and leisure organisations has warned.
Reform business rates to keep food prices low, retail sector warns October 31, 2023 The rate at which food prices are increasing sank to its lowest level since last summer this month, as sector heads make fresh calls to the government to slash business rates to ensure the deceleration continues. According to the latest reading from the British Retail Consortium (BRC) food inflation came in at 8.8 per cent [...]
Business rates ‘aren’t fit for purpose’ and are stifling small businesses, says FSB September 18, 2023 The Federation of Small Businesses (FSB) is calling upon extensions and changes to existing rate relief bills for small businesses.
Airports and power stations to be hit hardest by business rates changes March 27, 2023 Airports, power stations and business headquarters are set to be hit hardest by property tax changes when new valuations come into force next week, according to research. Revenues from business rates – the property tax on commercial buildings – are expected to rise by £1.4 billion, or 4.9 per cent , to £29.9 billion when [...]
‘A cruel blow’: Loungers boss bemoans Hunt’s lack of business rates support for larger firms November 28, 2023 The boss of Loungers has criticised chancellor Jeremy Hunt’s decision to not extend business rates relief to larger firms, describing it as a “cruel blow”. Speaking to City A.M, the chief of the casual dining chain, Nick Collins, said: “It’s going to add to the inflationary pressure, at a time when hospitality really struggled with [...]