​Institute of Directors and CBI call for business rates reform

High-Street-1

Two of the UK’s leading business groups have called on Chancellor Sajid Javid to launch a “comprehensive review” of the business rates system as part of next month’s Budget.

The Institute of Directors and the CBI have both urged Javid to “turn rising optimism into a surge in investment across the UK” by putting policies in place to benefit business.

Leading corporate lobby group the Institute of Directors wants the Government to “clear the path” for investment by docking business rates bills when firms refurbish, expand or relocate premises, including shops.

It said that a rates “holiday” of that ilk would “provide a vital uplift” to the economy as Britain leaves the EU.

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