Business rates reforms will only help richest authorities, report finds

By Laura Sharman | 06 November 2019

Two-thirds of councils will see their income fall in real terms by 2025 due business rates reforms, research has found today.

The analysis by the New Economics Foundation warns the Government's proposed changes to the Business Rates Retention System will increase geographic inequalities in the UK.

The report says the changes will make the system 'unfit for purpose' as councils have very little control over the level and eligibility for business rates. It will also expose councils to risk as the safety net is set well below the level the council needs to deliver services, the report argued.

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Business rates