Chief Executive of the British Retail Consortium has made comment on the announcement that the Government has launched a consultation on increasing the frequency of business rates revaluations.
Helen Dickinson (pictured) said, “It is great that Government have heeded our call for more frequent revaluations. This should be the first step towards making the business rates system fairer and more reflective of current economic conditions.
'As retail emerges from the pandemic, a return to ‘business rates-as-usual’ could derail the industry’s recovery, with unnecessary shop closures and job losses the result.'
'Dickinson concluded, 'It is vital that the Government builds on this first step on the road to reform and stands by its commitment to reduce the overall rates burden on businesses and ensures there are no further delays to the outcome of the fundamental review.”