Following the publication of the Government’s Business Rates Interim Report, read our Chair Dee Corsi’s full statement in reaction to the measures below.

Dee Corsi, Chair, High Streets UK, said: “At a glance, the Treasury’s Interim Business Rates Report is encouraging – particularly the proposed review of ‘cliff edges’ in the system which create huge, and sometimes insurmountable, rates rises for businesses moving up a band. 

“But look closer, and it is clear any celebrations would be premature. Businesses are only offered a ‘commitment to explore pro-growth’ measures, not pro-growth measures themselves. And large retail, hospitality and leisure businesses remain absent from the Chancellor’s plans, despite being significant national employers, community anchors, and important drivers of local and national economic growth.

“In fact, our research has revealed that these businesses, in flagship high street destinations, are 5.1 x more likely to be affected by the proposed higher multiplier than anywhere else in the country. This will worry high street businesses of all sizes; a high street is a delicate ecosystem, and putting the future of a large, anchor tenant at risk is a dangerous gamble for everyone. 

“High Streets UK continues to call on the Government to take bold action in the upcoming Budget to safeguard the future of all high streets, and ensure our city centres remain dynamic, competitive, and resilient.”