Budget a ‘missed opportunity’ on business rates

THE property sector said Chancellor George Osborne had missed an opportunity to use business rates to help businesses in the UK.

The Chancellor chose not to switch annual rate increases from the Retail Prices Index to the Consumer Prices Index, which it is believed could cut bills by 1-2%.

And there was no change of heart on delaying a rates revaluation until 2017.

Campaigners wanted this brought forward so bills reflect current values, rather than those of April 2008 which currently inform the rat... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...