BUSINESS RATES

Debenhams' CVA to cost councils £8.5m in rates

Local authorities are expected to lose millions of pounds worth of business rates due to Debenhams' financial difficulties, experts have said.

Local authorities are expected to lose millions of pounds worth of business rates due to Debenhams' financial difficulties, experts have said.

Debenhams will close a third of its 166 UK stores to allow it to continue to trade.

Ratings experts Colliers International have estimated that this will affect 59 councils, which will lose out on £8.5m of the £17.3m in bills that Debenhams would have paid if all of its stores remained open.

Head of business rates at Colliers, John Webber, said: ‘Local authorities will not have the funds they have budgeted for to run local services, which we already know are tightly stretched.'

BUSINESS RATES

The secret ingredient is community crowdfunding

By Frank Kibble | 27 June 2025

In London Climate Action Week, Frank Kibble explains how everyday climate activism is being being funded by communities - with support from their council.

BUSINESS RATES

With opportunity comes great responsibility

By Laura Murphy | 27 June 2025

Laura Murphy and Andrew Stilwell look at the importance of strong, collaborative leadership as organisations navigate through this new era of digital transfo...

BUSINESS RATES

We're ready to lead

By Joanna Killian | 27 June 2025

Ahead of the LGA Conference, Joanna Killian says the sector should take confidence in how far it has come and the potential that lies ahead, and that its fut...

BUSINESS RATES

Grenfell: Restorative scrutiny 'could help all councils'

By Ann McGauran | 26 June 2025

A restorative scrutiny approach aimed at helping rebuild trust after the Grenfell tragedy could have lessons for other local authorities, experts have said.

Popular articles by William Eichler