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  • The time for business rates reform is now

The time for business rates reform is now

The CBI and over 40 trade associations call for the government to deliver on its promise.

14 Oct 2021, 2 min read

Following the CBI’s submission of Spending Review & Budget proposals, over the past month we have continued our campaign for seismic reform of the business rates system. As part of this, we have ramped up our private engagement with HM Treasury, Ministers and MPs from across Parliament.

On the public front, business rates formed a key focus of Tony Danker's speech on unleashing investment. Alongside this, the CBI’s presence at the Political Party Conferences provided further impetus to our messages about the importance of fixing the business rates system, to help unlock green investment and support the levelling-up agenda.

To keep the momentum going, we have today released a public statement on the need for business rates reform. The statement has received support from 40 Trade Associations (TAs), including BRC, UK Hospitality, REC, ADS, Association of Convenience Stores, British Beer & Pub Association, and British Property Federation. This gives us a base of T

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  • Campaign

    A fair business rates system that rewards investment

    The UK’s legacy business rates system has – for too long – created barriers and economic distortions, hampering business investment and holding back areas of slower growth. Up to 50% of business investment is currently subject to business rates, the highest property tax within the OECD. The UK needs a reliable system which keeps pace with changing business models and the economic environment. This opportunity must not be missed.