Business rates to go up by 2% not 5%
The BBC are reporting that the Chancellor Alastair Darling is to u-turn and put business rates up by 2, not 5%. I’m glad he’s doing this but in these times we need a complete freeze on business rates to stimulate our economy and stop businesses, and hence jobs, from collapsing.
Mr Darling said the rise was linked to the Retail Prices Index last year, but RPI inflation had now fallen to zero.
He said businesses would face only a 2% rise this year and the remaining 3% would be smoothed out over the following two years.
“I believe this will provide real and genuine help for businesses in this country,” said Mr Darling.
If it was based on the RPI inflation, which is now zero, then this furthers my point that we should freeze business rates at what they are. This is what real and genuine help to business and workers is.
Alastair Darling referred to the ‘Conservative Government’ in present tense. If only.


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