#business rates

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London Business News | Londonlovesbusiness.com
2 weeks ago
Business

Labour needs to come clean on its business rates strategy

Labour's business rates strategy lacks clarity and concrete plans, raising concerns. [ more ]
www.independent.co.uk
5 months ago
UK news

CBI calls for green investment plan and an end to short-termism

The CBI is calling for a new green investment plan to support the UK economy's sustainable growth.
The CBI emphasizes the need for ambitious policy, competitive incentives, and a conducive operating environment to facilitate private investment in achieving a net-zero economy.
The CBI also suggests that the UK government should review how businesses fund local government, including reform of business rates. [ more ]
London Business News | Londonlovesbusiness.com
5 months ago
Business intelligence

Retailers warned of 32 year high tax rise amid autumn statement

43,160 'large' retail premises in England will face a 6.7% inflationary increase in their business rates next April.
The 6.7% increase is the biggest year-on-year increase to the standard business rates multiplier since 1991.
Increasing business rates could be a disincentive to invest for retailers. [ more ]
London Business News | Londonlovesbusiness.com
5 months ago
Business intelligence

Small shops, pubs and restaurants to save on average 11,728 to 16,507 in business rates

Freezing the small business rates multiplier for another year and extending the discount for occupied retail, leisure, and hospitality premises will save businesses thousands of pounds in business rates.
The average shop, restaurant, pub, and café will save between £6,072 and £16,507 in business rates next April.
The savings are a result of the 75% discount and the freezing of the small business rates multiplier for 2024/25. [ more ]
London Business News | Londonlovesbusiness.com
6 months ago
Business intelligence

Business warned to relocate before its too late as rates are set to sky rocket

Areas with lower rents tend to have fewer available properties, which businesses prioritize when choosing a location.
Increasing business rates can strain small businesses financially and make it harder for them to compete with larger corporations. [ more ]
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