More News
EXECUTIVE INSIGHTS | Staff Reporter, UK
view(s)

UKHospitality urges gov't action on business rates report

Kate Nicholls argues the current system contributed to the decline of high streets.

Trade body UKHospitality expressed support for the House of Commons Treasury Committee’s report on the Impact of Business Rates on Business, saying that the “burden” of business rates “has grown.”

“The current system is nowhere near flexible enough and it has directly contributed to the decline of high streets,” UKHospitality chief executive Kate Nicholls said.

“Hospitality businesses are at a particular disadvantage and have been arguably hammered worse than any other sector. The current system penalises businesses who invest in their properties and actually acts as a deterrent to investment. We need a complete rethink of the system and an overhaul to bring it in line with the 21st Century.”

Echoing the committee’s recommendation, Nicholls urged for consultation to identify alternatives to the current system.

“The incoming Government must act on this as a priority. We will be keeping up the pressure with recommendations to ensure fairness for hospitality,” she added.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.