CBI urges business rate rise cap



Chancellor George Osborne should cap business rate rises at 2% next year and offer one-year rate holidays for firms moving into vacant sites to boost the recovery, the CBI says.
In its submission to the Chancellor ahead of his Autumn Statement, it argues the system is outmoded and acts as a barrier to much-needed investment.
Business rates normally rise in line with Retail Prices Index inflation as it stands in the previous September.
This year it was recorded at 3.2%, but the CBI wants the rate rise to be capped for next year pending a full reform of the tax. It has calculated this cap... read more

 
16 November 2013 in Regional East, Views: 15
Source: Belper News
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