Miliband dodges fundamental review of business rates for now

While Labour?s promised freeze in business rates will help many small companies in April 2015 ? and plenty of large ones as well ? the move will not exactly be transformational for struggling companies.

The idea that the saving (estimated at around �400) does not exactly seem enough to make a small firm take on a new member of staff on its own; contrary to briefings by Labour.

The big change that many tenants have instead been demanding is a revaluation of business rates to reflect the post-recession landscape.

The last valuation of commercial properties was at the height of the boom, since when there has been a major divergence of fortunes across the country.

Rental levels have stayed roughly the same in affluent areas ? such as Mayfair retail ?

Continue reading �

Source: http://blogs.ft.com/westminster/2013/09/miliband-dodges-fundamental-review-of-business-rates-for-now/

pensions advisory service can i retire pensions calculator ill health retirement the pension service