Following the Chancellor’s Autumn Budget, New West End Company, in partnership with Westminster Property Association (WPA), are inviting members to a webinar exploring what the budget means for business rates reform and the impact on the West End.
Business Rates Briefing
The budget outlined that business rates will now receive a revaluation every three years, starting in 2023, the planned inflation linked increase in the business rate multiplier has been cancelled and there will be a further 50% business rate discount for businesses in the retail, hospitality and entertainment sectors for one year, however these measures do not go far enough to meet the government’s manifesto commitment to reduce the burden of business rates.
Our panel of experts will discuss the short and medium term response to the changes and how they will impact West End businesses.
Expert Panel includes:
- Dan Thomas, Chief UK Business Correspondent at the Financial Times (Chair)
- Professor Tony Travers, Director at the London School of Economics
- Cllr Matthew Green, Cabinet Member for Business, Licensing and Planning at Westminster City Council
- Vivienne King, Chair of Shopkeepers’ Campaign
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