Business Rates

Coins rates

CALL ON GOVERNMENT TO STOP EXCESSIVE

BUSINESS RATE HIKES

 

ACS has launched a campaign to cap the annual business rates increase at 2 per cent, in line with Government targets for inflation.

Annual rates increases are currently based on Retail Price Index inflation figures from the previous September, and with RPI recorded at unusually high levels in 2011, retailers will be faced with a significantly increased rates bill despite forecasts suggesting inflation will have fallen by the time rates are affected. 

ACS Chief Executive James Lowman said: “We are encouraging retailers to write to their MP and call on them to lobby the Chancellor to set rates in accordance with the Government’s own targets for inflation. This would save the retail sector over £200million this year and allow local shops and high street stores to focus on sustaining and growing their business.”

 The pro forma letter can be downloaded here:  Cap Rates at 2 Per Cent - Pro Forma Letter

You can also download our briefing here:   Business Rates Briefing - The Call for a Cap