BRC responds to Labour business rates proposals

In Industry News On
- Updated

The British Retail Consortium (BRC) has responded to proposals on business rates from the Labour Party.

Ed Miliband has announced a 1% cut in business rates in 2015 if Labour is in power after the election. The move would involve reversing the inflation-linked increase scheduled for April 2015 and scrapping the planned increase in 2016.

More than 100 companies signed a BRC-coordinated open letter last week warning that business rates are a critical problem that needs to be addressed and pressure is growing on political parties to reform the tax.

Responding to the announcement BRC director general Helen Dickinson (pictured) said: “We are heartened that Labour has listened to retailers’ concerns on business rates. As well as leading the debate on fundamental change, the BRC has been strongly encouraging the continuation of an immediate package for retailers to support the high street and it is very welcome to hear it announced.”

She added: “UK business rates are the highest property taxes of any EU country and lead directly to vacant shops and job losses. It is widely agreed that the system is no longer fit for purpose and requires total reform. We look forward to discussing the road to broader reforms with Labour as we draw closer to the election.”

You may also read!

Sign up for 2050: Fridge of the Future

‘Roads? Where We’re Going, We Don’t Need Roads.’ The iconic line uttered by Doc Brown before he, Marty, and


Rangemaster expands and refreshes freestanding 60cm cooker range

Rangemaster continues to develop its brand offering with the expansion of its 60cm freestanding cooker range. The introduction of new


Mitchell & Brown unveils near-borderless 4K Smart TVs, backed with seven-year warranty

Bolton-based Mitchell & Brown is set to shake up the mid-size premium TV market by offering its independent retailers an


Mobile Sliding Menu

©2021 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY