Play it again, Sam 13 December 2019 Sam Harrison returns to the floor at Hammersmith’s Riverside Studios, where his brasserie is set to be a blockbuster
In this week's issue... Play it again, Sam Sam Harrison returns to the floor at Hammersmith’s Riverside Studios, where his brasserie is set to be a blockbuster
Read More
Search

Pret and Greggs put pressure on new chancellor to reform business rates

13 August 2019 by
Pret and Greggs put pressure on new chancellor to reform business rates

More than 50 British businesses including Greggs and Pret A Manger have put pressure on the newly appointed chancellor of the exchequer to reform business rates.

Helen Dickinson, chief executive of the British Retail Consortium, said:"These four fixes would be an important step to reform the broken business rates system that holds back investment, threatens jobs and harms our high streets.

"The new government has an opportunity to unlock the full potential of retail in the UK, and the prime minister's economic package provides a means to do so.

"The fact that over 50 retail CEOs have come together on this issue should send a powerful message to government. Retail accounts for 5% of the economy yet pays 25% of all business rates - this disparity is damaging our high streets and harming the communities they support."

Javid has previously faced criticism for his handling of business rates.

While serving as communities secretary in 2017, he saw off a revolt from Conservative MPs concerned about rises - telling them most firms would not experience any rise in their bills, and that rates would fall in 250 of the 329 billing authority areas in England.

Rates in fact rose in 191 and fell in just 135, while overall bills rose by as much as 5%-7%.

Thousands of hotels snarled up in business rates red tape>>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!