Business Rate Changes? Looking at autumn statement predictions
George Osborne has dropped strong hints that he will include reforms to business rates in his upcoming Statement.
He won't be short of ideas on how to reform it, as the British Property Federation has published a lengthy report suggesting an end to the system where rates increase in line with inflation, and arguing for an annual revaluation of properties for business rates.
The Daily Telegraph by the consultancy CVS has suggested that handing the revenues from business rates directly to northern cities could inject as much as £4.4 billion into struggling regional economies.
The Autumn Statement will be delivered on Wednesday 3rd December.
Source: AOL Money