BRC slams latest government proposals on business rates relief
The BRC has criticised the government for not doing enough to support the UK high street, after it proposed increasing retail business rates relief but not the threshold at which it would be available.
Speaking in Parliament yesterday the financial secretary to the treasury Jesse Norman MP said the government would look to increase the retail discount from one third to 50% for retail businesses occupying a property with a rateable value of less than £51,000 at the next Budget.
Norman also said the government would look to extend the relief to cinemas and music venues, and introduce an additional discount for pubs.
However, the British Retail Consortium has criticised the proposals for not increasing the £51,000-a-year rateable value threshold.
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