The Liberal Democrats will pressure the Government to abolish “onerous” and “unsupportable” business rates in a move which could potentially see the system scrapped as early as next year, party leader Vince Cab ... Read more
Subdued consumer spending and fierce promotional activity have contributed to a “significant increase” in financial distress in the restaurant industry, according to Begbies Traynor’s Red Flag Alert data.
The closure of the iconic Kensington Roof Gardens followed a 47% increase in its rateable value that rendered the business “untenable”, according to global real estate business Colliers International.
During today’s autumn budget announcement, chancellor Philip Hammond revealed changes to business rates however it’s come under fire from industry bodies such as the British Hospitality Association which thinks ... Read more
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