Cap business rates, urges BRC
The Government should cap business rate increases at 5% rather than the planned 12.5%, the British Retail Consortium (BRC) has urged.
In a response to the Department for Communities and Local Government's consultation on transitional arrangements for England over the next five years, the BRC applauded the Government's plans to cap increases but warned that the caps are too high. It will allow rises up to 12.5% for the first year and then increases of up to 25% in the fourth and fifth years.
For more on this story go to:
http://www.brc.org.uk/details04.asp?id=1628
