SnapShop Retailer Directory Search
 
 
 16/05/2014Retail Week - BRC works with other industries to strengthen calls for rates reform  
 
 

BRC joins forces with other industries to tackle business rates

 
 Retail Week reports that the British Retail Consortium (BRC) has joined forces with representatives from the leisure sector, other high street businesses and manufacturers to strengthen its calls for the Government to reform the system, which retailers believe is outdated and unfair.
Retailers and manufacturers are disincentivised from improving buildings because they fear they may incur higher business rates charges by increasing property values, the BRC said.
BRC director of corporate affairs Amanda Callaghan said: "The current system is full of disincentives to investment. For example, where a building could be renovated to improve energy efficiency a business may be put off doing it because the rateable value would rise and many cancel out energy savings."
She said that could also apply when retailers are improving their stores through refits and refurbishments.
The BRC will include the issue in its response to the Government’s consultation in to the administration of the business rates system.
Callaghan also revealed that the BRC has delayed publishing the next phase of its work on business rates with EY and Sainsbury’s chief financial officer John Rogers until the end of June, when the Government’s consultation has ended. It had been expected in May.
  
Twitter LinkedIn
Privacy PolicyTerms of Use

Pragma Consulting Limited (Part of Handley House Limited). Registered Office - One Tudor Street | London | EC4Y 0AH. Registered Number 02184185 SnapShop is Pragma’s online resource for consultancy clients for UK Retail Intelligence and is useful for conducting retail research, observing retail trends, checking financial health of UK retailers etc. SnapShop holds around 2,300 records on all the major retailers, plus some smaller, regional companies and selected online and specialist businesses, and includes a range of retail data including retailer information that is head office addresses, key contact information, stores numbers, retail locations, rental data, merchandise category searches, retailer target customer, price categorisation, customer segmentation, retail news, retail statistics, retail facts, sales density, retail articles, accounts analysis and much more. ©Pragma Consulting 2007 – 2025
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how customers use our website.
Our site won't work without them. By continuing to use our website you accept our use of cookies. Find out more about cookies. ×