Daily Mail

Business rates burden remains


JEREMY Hunt’s failure to tackle the business rates burden was ‘desperatel­y disappoint­ing’, bosses warned.

The Chancellor faced calls to reform the tax charged on shops, pubs and other business properties based on rental value. Critics say it disproport­ionately falls on those with a presence in town and city centres, while online players face lower bills.

But Hunt made no changes as retailers warned it remains a burden.

Helen Dickinson, at the British retail Consortium, said: ‘rates must be paid in full whether firms are making a profit or loss. This makes business rates the final nail in the coffin for many; shutting shops, costing jobs and preventing openings.’

The Government has promised a review, but despite some changes to the tax, Dickinson said ‘further reform is needed’.

Business rates expert John Webber said: ‘The lack of decisive action is desperatel­y disappoint­ing and will have wider implicatio­ns for the overall property markets.’

Newspapers in English

Newspapers from United Kingdom