Warning from mayor about impact of changes to business rates

Roger Mills Beddington, BUSINESS NEWS, Carshalton, Cheam, Hackbridge, Sutton, Wallington, Worcester Park Leave a Comment

992_496_mayor_6369_may2016-1The Mayor of London, Sadiq Khan, has warned that some businesses in London could be forced to close down if the Government goes ahead with plans to increase the business rates bill.

London’s businesses are facing a £900 million business rate hike as a result of the revaluation .

The Mayor, together with The New West End Company, London Councils, the London Chamber of Commerce and Industry, the Federation of Small Businesses in London, the Heart of London Business Alliance and many other leading organisations, have written to the Chancellor of the Exchequer Philip Hammond, arguing that the scale and suddenness of the business rates hikes will have a negative impact on pubs, retailers, restaurants, shops, theatres and clubs.


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