Tag: business rates



Would “Tesco Tax” benefit the High Street?

Posted on 28 July, 2014 by Kirsten Kennedy under Business News

The issue of business rates remains one of the most contentious in the retail industry, with claims that the commercial property levy was a key reason for soaring shop vacancy rates during the recession. However, under a new proposal by Derby City Council,... Read More

Dudley launches Investment Zone Incentive Scheme

Posted on 1 July, 2014 by Cliff Goodwin under Business News

A West Midlands council has launched a campaign to attract businesses to one of its prestige developments by offering a series of business rates incentives. It’s hoped that as many as 1,600 jobs could be created at The Waterfront in Brierley by... Read More

MP Turns up the Heat on Business Rates “Hot Potato”

Posted on 30 June, 2014 by Cliff Goodwin under Business News

The plight of beleaguered shop keepers has been raised in Parliament by an MP who claims that one-in-ten retailers in her North-East constituency pay more in business rates than they do in rent. Speaking during an adjournment debate with high street... Read More

Government rejects call to scrap Business Rates

Posted on 18 June, 2014 by Kirsten Kennedy under Business News

Despite the current business rates system being declared “unfit for purpose” the Government has decided to reject the latest calls for reform by MPs on the Business Select Committee. The body had recommended that the Government scrap the unpopular... Read More

Charity Commission launches Inquiry into Empty Property Business Rates Practice

Posted on 5 June, 2014 by Cliff Goodwin under Business News

The Charity Commission has opened an inquiry into a housing trust’s use of commercial premises which may be liable for business rates. The Augustine Housing Trust — which describes itself as a “storage charity” — is already  under... Read More

Business Rates hindering Speculative Development says Milton Keynes Property Firm

Posted on 1 May, 2014 by Kirsten Kennedy under Commercial Developments, Economy

The issue of business rates has been one of the most controversial topics within the commercial property market for the past several years with retailers, in particular, arguing that the rising cost of non-domestic rates has been one of the key reasons for... Read More

Budget includes Benefits for the Property Industry but no action on Business Rates

Posted on 20 March, 2014 by Kirsten Kennedy under Industry News

The boom in business growth currently gripping the UK is certainly good news for the economy, but growth limitations for businesses are preventing many from achieving their full potential as the recovery takes hold. One of the key issues, of course, is the... Read More

Bolton Triple Trade Initiative Includes Business Rates Cut

Posted on 18 March, 2014 by Cliff Goodwin under Business News

Small businesses in Bolton — including shops, restaurants and public houses — are to have their business rates cut by £1,000 as part of a council bid to boost the town’s economy. The Government-backed initiative will apply to all premises with a... Read More

MPs call for Business Rates Reform

Posted on 4 March, 2014 by Kirsten Kennedy under Industry News

The issue of business rates has proven controversial in recent months, with bodies such as the British Retail Consortium (BRC) repeatedly pushing for the government to find a solution which works best for small businesses. However, while the government has... Read More

BRC proposes Replacing Business Rates with Energy Tax

Posted on 18 February, 2014 by Kirsten Kennedy under Business News, Industry News

Recently the prime minister hinted that business rates reform may be on the way as the momentum for change gathers momentum. Last week Lambert Smith Hampton responded to this by publishing a set of proposals that it would like to see included in any future... Read More