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All Business rates articles
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NewsAutumn Statement: Hunt ‘gives with one hand, takes with another’ with planning and business rates changes
Chancellor Jeremy Hunt’s Autumn Statement provided a mixed bag for the property industry with the announcement of premium planning services and a freeze to the business rates multiplier among the measures likely to have the most significant impact.
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InsightClarity on business rates is a must
Editor: High street retailers’ recent calls for a cut in business rates give an early indication of the pressures the chancellor faces ahead of this year’s Autumn Statement. With all eyes on the direction of inflation and whether it will continue to drive the uniform business rate (UBR) up, businesses ...
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InsightHeart of London’s Ros Morgan on the BID revolution
Over the last decade, business improvement districts (BIDs) have emerged as influential catalysts of community-driven initiatives, promoting local businesses’ capacity to elevate and improve their surroundings.
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ProfessionalBusiness rates reform is urgent
With the Autumn Statement due later this month, it is time for the chancellor to think about business rates. Neither the current Non-Domestic Rating Bill passing through parliament nor the Business Rates Avoidance and Evasion consultation resolve the issue that business rates are too high and increasingly unsustainable for businesses.
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NewsReal estate insolvencies spike amid rising interest rates
Real estate insolvencies rose 16% over the past year due to rising interest rates, higher debt servicing costs and falling demand for office and retail space, according to a report published this week by audit tax and advisory firm Mazars
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NewsRate decision to bring ‘much-needed’ stability to property market
The Bank of England (BoE) has maintained the base interest rate at 5.25% for at least another six weeks, bringing “much-needed stability to the market in what will undoubtedly be a welcome boon for investors, developers, and lenders”, property experts have said.
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OnlineBusiness rates forecast to rise £1.56bn next April, Colliers finds
Colliers is calling on the government to take urgent action on business rates as firms face a £1.56bn rise next April, according to analysis from the agency.
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NewsBPF demands changes to ‘fundamentally unfair’ empty rates relief policy
The British Property Federation (BPF) has called for empty rates relief for shops to be extended from three to 12 months, with the government consultation on the matter set to close today (28 September).
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NewsLeading retailers ask Hunt to freeze business rates multiplier to save £400m
A group of 44 retail sector leaders from firms including Aldi, M&S, Boots and IKEA have written to chancellor Jeremy Hunt urging him to freeze the business rates multiplier to avoid a £400m cost increase next year.
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NewsExperts slam government ‘attack’ on empty property rates relief
Sector specialists have slammed the government’s consultation on business rates avoidance and evasion, with one branding it an attack on empty property rates relief.
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NewsSavvy investors may benefit from distress over rate hikes
Interest rate rises are a challenge for debt-backed investors but offer others a chance to buy discounted assets.
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ProfessionalBusiness rates system under strain despite recent overhaul
Introduction of ‘check, challenge, appeal’ system appears to have added extra layers of bureaucracy and cost.
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NewsDividend threat ‘overplayed’ despite rising interest rates
Although rates continue to soar amid high inflation, experts say dividends are not as shaky as predicted.
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ProfessionalRates reform brings some relief along with a bundle of red tape
On the surface, the changes proposed in the new Non-Domestic Rates Bill look positive.
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NewsNew bill to modernise ‘clunky’ business rates system
Government introduces bill to overhaul business rates ahead of revaluation.
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NewsSpring Budget: Failure to cut business rates is ‘desperately disappointing’
Chancellor Jeremy Hunt’s Spring Budget detailed plans to halve inflation, grow the economy and get debt falling, but industry figures were disappointed by its failure to cut business rates.
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NewsLondon retailers could be set for £96m business rate boost
Retailers on London’s busiest shopping streets could see a £96m boost due to a significant decrease in their business rates liability, according to new analysis from Knight Frank.
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NewsProperty green shoots put ‘in danger by BoE’s unnecessary rate rise’ to 4%
The Bank of England’s decision to raise the interest rate by half a percentage point to 4%, taking it to the highest level in 14 years, presents “a real risk to growth”, according to one industry expert.
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NewsShop vacancy rates falling but BRC warns on rate rise
Shop vacancy rates fell to 13.9% in the third quarter of 2022, 0.1 percentage points better than Q2 and 0.6 percentage points better than the same period last year.
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NewsBusiness rates need reform not ‘sticking plasters’, say MPs
Cross-party MPs criticise government’s handling of business rates at Backbench Business Committee debate
