Business rates to hammer the West End: 'This whole policy is nuts'

Retail & Leisure Giants Estimated To Face Extra £600 Million Business Rates Bill - CLH News: Caterer, Licensee and Hotelier News - News for Pubs, Bars, Hotels and Restaurants

Share Post Share Email Retailers in London’s West End are expected to be hardest hit as the largest properties occupied by the RHL (retail ,hospitality and leisure) sector faces a £600 million surge in business rates next April according to business rates experts at Colliers. Colliers believes this illustrates how the Government’s policy to “Save the high street” through its new business rates multiplier reform…

Business rates to hammer the West End: 'This whole policy is nuts'

A rise in business rates for more expensive properties is set to hammer valuable areas like London’s West End, a leading investment firm has warned. The policy, which aims to bring down business rates for small properties by raising them for large properties, has been slammed as “unlikely to save the high street” and likely to “misfire” by investment firm Colliers. “What we had hoped to see from Labour’s business rates policy was a lower [tax] a…