‘Retail can ill afford another business rates review that fizzles out’

Robert Hayton

As night follows day, the beginning of another financial year also brings another government review into business rates reform. However, with the sector reeling from the coronavirus, this latest call for evidence gives reasons for optimism.

There have already been 156 policy papers and consultations published on business rates in England in the last decade – including previous major reviews by the Treasury, the Ministry of Housing, Communities and Local Government and the Treasury Select Committee within the last five years.

Despite this, the government’s approach this time around builds on its manifesto commitment at the last general election to reduce the overall burden on businesses. A distinct difference to previous revenue-neutral reviews.

Coupled with how the chancellor has harnessed the business rates system to help negate the economic impact of coronavirus through £22.5bn of support with rates holidays and grants, there are reasons to be optimistic.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.