CBI: New PM must bring in annual business rates reviews

Carolyn Fairbairn

The Confederation of British Industry has called on the next prime minister to deliver annual business rates revaluations, as part of a sweeping manifesto to “get the UK economy back on track”.

CBI boss Carolyn Fairbairn said Brexit “has stalled progress on the UK economy for three years” and that British businesses are “urging the next prime minister to change this”.

The CBI published the three-part “business manifesto” today, which included calling on the next prime minister to “publish a road map to delivering annual business rates revaluations to increase alignment between the tax and the economic cycle at Budget”.

The spiralling cost of business rates has long been an issue for many bricks-and-mortar retailers, which argue it puts their businesses at an unfair disadvantage compared to pureplay ecommerce companies such as Amazon.

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