British Property Federation chief executive Liz Peace has called on the Government to re-apply empty rates relief in an interview on BBC Radio 4's Today Programme.
A BPF spokesman said: 'From the start of April, owners of commercial property saw relief from paying businesses rates on empty space cut in a move to raise £1bn for the Treasury.
'Local government minister John Healey claimed the move would reduce rents and increase the supply of property, ignoring the reality that a lack of demand was to blame for empty space.
'While regeneration schemes would be hit, the cost to business would be huge with less flexibility and a reduced supply of secondary space.'
To listen to the interview with Liz Peace on the BBC's website click HERE and fast forward to 8m 20sec.