All Business rates articles
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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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News
Shop 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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News
Business rates need reform not ‘sticking plasters’, say MPs
Cross-party MPs criticise government’s handling of business rates at Backbench Business Committee debate
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Insight
Rates reform would boost Oxford Street’s revival
We welcome the recent figures from Savills showing Oxford Street is on the brink of a generational change, with 1.32m sq ft of office schemes proposed in the next five years – driven by market demand and the West End’s attraction to workers as a destination in itself.
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News
Industrial sector bears the brunt of business rate rises
While large-scale occupiers such as Amazon can absorb big increases, for others it may well prove critical.
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Online
Large retailers’ rates bill slashed by over a third
Shops over 19,910 sq ft in size will benefit from the biggest proportionate savings for the retail sector under the business rates transitional relief scheme announced in the recent Autumn Statement, but rates will increase for many retail categories, according to analysis by the real estate adviser Altus Group.
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News
Burning questions on rates
The response from shadow chancellor Rachel Reeves, after new chancellor Jeremy Hunt gave his “economic update” to the Commons on Monday, perfectly captured the calamity created by September’s mini-Budget.
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News
Business rates may rise £25bn by 2027
Non-domestic premises in England could face a £25bn business rates tax hike in the next five years if the government reverts to pegging rates to inflation following the end of the post-pandemic freeze in March.
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News
Industry welcomes Labour pledge to abolish business rates
Business and property leaders have hailed the Labour Party’s promise to abolish a major tax on commercial property.
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News
CBRE poaches rates expert Boateng from Montagu Evans
CBRE has appointed business rates expert Victoria Boateng as a senior director in its specialist rating investor team.
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News
Economic ‘stress’ could create new opportunities for lenders
Investec’s Bladon says high-interest-rate environment could force ‘reweighting’ of UK lending sources.
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Insight
Will 2023 rates revaluation boost or hamper business recovery?
The government recently pledged to modernise the business rates system.
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Online
Interest rate hike will not curb resi demand, say industry figures
Demand for residential property will not see a correction in the short term despite an interest rate to 1%, up from 0.75% today- the highest level since 2009.
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News
Industry undeterred by Bank of England’s interest rate rise
Despite a rise from 0.1% to 0.25%, rates remain ‘incredibly low’ – but further increases could be cause for concern.
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News
Government urged to support businesses in the face of Omicron
Pressure is mounting on the government to provide support – such as business rates relief – for retail and hospitality businesses as it urges people to limit socialising in the run up to Christmas to slow the spread of the Omicron variant.
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Professional
What does the industry make of latest business rate plans?
Five property experts give their views on the business rate changes that were announced in the Budget.
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Insight
Green business rates and climate change adaptation
The business rates announcements made in the Autumn Spending Review did not go far enough for many. Rather than abolishing the system entirely, the chancellor instead opted to make it “fairer, more responsive and more supportive of investment” by introducing a number of additional reliefs.
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News
Industry divided over business rate reforms
Some welcome the chancellor’s proposals but others say they are ‘not enough’.
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Insight
Business rates reforms may not be bold, but they will be green
When the UK Government announced its “fundamental” review of business rates in last year’s Budget, it was widely hoped that significant reform of this tax would be forthcoming.
