Tag: business rates



Charity Shops are Taking Over the High Street

Posted on 28 August, 2013 by MOVEHUT under Business News

As you walk down your local high street, you may have noticed the odd charity shop along the way. But have you noticed that more and more are appearing at a startling rate? According to a report by the Local Data Company (LDC), there are around 10,000... Read More

Retail Vacancy Rates show Slight Contraction

Posted on 21 August, 2013 by Kirsten Kennedy under Economy

Vacancy rates have played a huge role in the decline of the high street, with both independent and chain retailers abandoning their premises under the tough economic conditions. Faced with competition from out of town retail parks, where free parking and... Read More

BRC Scraps Campaign to Freeze Business Rates

Posted on 16 August, 2013 by Kirsten Kennedy under Economy

A number of different methods have been put forward by experts in a bid to save the high street, with town centre redesigns and “activity days” common suggested solutions to a hugely complex solution. However, the British Retail Consortium, which... Read More

Councils Could Lose Millions Under High Street Conversion Plans

Posted on 12 August, 2013 by Kirsten Kennedy under Industry News

Last week, Movehut revealed that future plans for the high street are causing controversy between local authorities and the government. Under new legislation, empty shop units on the high street could be turned into affordable housing without the requisite... Read More

Grimsey Dismisses Portas Business Rates Proposal

Posted on by Neil Bird under Industry News

The former Wickes boss leading the latest study of the high street has dismissed one of the key recommendations of the Portas Review. Bill Grimsey argues that Mary Portas’ proposal to switch the business rates multiplier from the retail price index (RPI) to... Read More

Empty Rates Relief designed not to be used says BPF

Posted on 2 August, 2013 by Neil Bird under Industry News

The British Property Federation (BPF) has issued a stinging response to the government’s empty property rates consultation. The industry body says the proposal to extend relief on new-build properties will do little to encourage development and appears... Read More

CBRE Warns Tenants May Miss Out on Birmingham EZ Rates Relief

Posted on 1 August, 2013 by Jodee Redmond under Industry News

Businesses relocating to properties within Birmingham's Enterprise Zone are likely to miss out on the business rates relief which is intended to give them the incentive to move. According to rating experts at property management consultancy CBRE, only one... Read More

Online Retailers Attack Sales Tax Proposals

Posted on 23 July, 2013 by Neil Bird under Business News

BRC calls for end to spat with high street The bosses of a number of the UK’s biggest e-retailers have joined forces to oppose proposals to introduce an online sales tax. In a letter to the chancellor they describe the suggestion as ‘nonsense’ and... Read More

One in Seven Properties in Business Rates Arrears

Posted on 19 July, 2013 by Neil Bird under Industry News

250,000 summonses for business rates arrears have been issued by magistrates’ courts in England over the past twelve months, the Grimsey Review has discovered. This equates to roughly one in seven commercial properties, highlighting the burden of the tax on... Read More

Sainsburys Boss Slams Business Rates at BRC Annual Symposium

Posted on 29 June, 2013 by Kirsten Kennedy under Business News

The British Retail Consortium (BRC) Retail Symposium has become one of the most highly anticipated events in the retail calendar, with representatives from some of the industry’s most successful firms sharing their experiences with established companies and... Read More