Business rates are outdated and stifling growth in the economy.

The economy has changed dramatically in the 21st century, the system of business rates no longer is suitable to match those changes. The COVID-19 pandemic, lockdowns and restrictions have accelerated these changes. The current system of rent based rates does not match the shape of a digital economy. These changes have dramatically changed high streets across the country. At the same time, the current rates system acts as barrier to new businesses that could replace those and add to the economy.




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