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Rishi Sunak announces delay in Government response to the consultation over business rates

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Chancellor Rishi Sunak has today announced that he is delaying the Government response to the consultation over business rates until later in the year.


John Webber Head of Business Rates at Colliers said, “We seem to have a chancellor who has followed in a long line of chancellors in kicking the issue of business rates down the road. The government has delayed its announcement four times in the last year. We were supposed to hear in the Autumn, then in the New Year, then in the Budget and now it’s the Autumn again. This is despite the Treasury Select Committee producing a very credible report with sensible recommendations in Autumn 2019 which now seems to have been ignored - not to mention all the consultations and reviews we’ve had in previous years.

“It’s all very well for the Chancellor to say he is postponing the report to the autumn to allow him to make decisions when the economic uncertainty caused by the coronavirus pandemic has receded. But that really is shutting the stable door when the horse has bolted. High business rates is one of the key factors that has helped decimate our high streets and the current system is skewed against the retail and hospitality sectors. We urgently need to re-balance this 50% tax by re-basing the multiplier to 30p in the £1 for a start, and we need more frequent revaluations so that we don’t see rates tied to totally out of sync rental values*.

Procrastinating over this now is only going to mean more job losses across the economy - long before the Autumn arrives.”

* Rates are currently calculated according to the rentable value of properties in 2015 and have an annual inflationary uplift, or multiplier.

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Related Experts

John Webber

Head of Rating

Rating

Birmingham

I have over 30 years’ experience in the rating industry and lead a 90 plus rating team at Colliers International.  When I took over responsibility for the team in 2005, it consisted of only a dozen people and has now grown into one of the leading rating advisory teams in the country.  I am a member of Colliers International Management Executive as well as sitting on the company’s promotion panel. 

I am regularly called upon by the national media to give my views on a range of business rates issues and I am vocal commentator on the 2017 Revaluation.

I started my career in the Valuation Office Agency in Kidderminster.  I joined Gerald Eve in 2000 where I spent 10 years before moving to Gooch Webster (now Colliers International). I sit on the National Retail Panel of Rating Surveyors Association which provides guidance on how the RSA town committees work with the VOA and valuation matters.  John sits on the RICS Rating Diploma Committee having passed the prestigious qualification in 2014.

Philip Harrison and I founded 'Accurates' in 2007, the Collier's Compliance and Audit team, which although forms an integral part of the Rating Team is now a leading brand in its own right.

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Suzy Simpson

Head of Content, Communications and PR

PR

London - West End

As Head of Content, Communications & PR for Colliers in the UK, I am responsible for driving the strategic direction of corporate communications, media relations, and the programming and production of multi-channel content to engage external and internal audiences across the UK.

Get in touch for help with: 

  • Content Communication Strategy 
  • Media Relations
  • Corporate & Internal Communications
  • Media Training & Personal Brand Training

 

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