John Healey's changes to high street business rates are a 'sticking plaster' that will not reverse the decline of town centres, according to Shevaun Haviland, boss of Britain's largest business group. The Chancellor lifted the threshold for small firms receiving business rates relief from £12,000 to £18,000, exempting 70,000 more companies.
Healey's business rate tweaks won't stop high street 'hollowing out'
UKPulse News DeskThe boss of Britain's largest business group has warned that the Chancellor's changes to high street business rates will not reverse the decline of town centres.
- John Healey's changes to high street business rates are a 'sticking plaster' that won't stop the 'hollowing out' of town centres, according to Shevaun Haviland
- The Chancellor lifted the threshold for small firms receiving business rates relief from £12,000 to £18,000, exempting 70,000 more companies
Why this matters: The high street is facing a crisis, with many businesses struggling to pay their bills and some closing due to the burden of business rates.
What this means for you: If you own or run a business on the high street, you may be affected by the changes to business rates and the ongoing decline of town centres.