Pandemic has fast-forwarded need for business rates change in East Midlands – CBI & Avison Young

Click to read the article in full.  

There is broad consensus that the current Business Rates system is out-of-date, unsustainable and in urgent need of reform. The CBI and Avison Young argue that the pandemic has fast-forwarded that need for change with so many businesses – retailers, manufacturers, and distributors – under serious strain.

In a new joint report, “Over-rated – Making the case for business rates reform”, the CBI and Avison Young reveal that the burden of business rates in England – at nearly 50p in the pound – will continue to climb without reform. New analysis reveals that would cost businesses at least an extra £6bn over the next 5 years.

The CBI’s East Midlands Director, Richard Blackmore, warns that

 link source - East Midlands Business Link General

Continue reading this article at the original source Here