Business Rates Reforms: Small Businesses Bear Disproportionate Burden

Business leaders across Britain express dissatisfaction with recent business rates reforms, warning of severe impacts on high street firms. The Chancellors promise of a fairer property tax system is seen as broken, with many small businesses facing rising bills. The disparity between large and small businesses is highlighted, with smaller retailers facing a fifteen percent increase, while larger warehouses see a mere eleven percent rise. Pharmacies, salons, and offices also face substantial increases, with airports like Gatwick announcing rises in charges due to projected rate bill increases.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.