Petition update

Fair Rates for Retail: Retailers urge rates freeze

Retail Week EMAP
United Kingdom

Sep 28, 2012 — Top retailers have called for a freeze on business rates and changes to how the charge is calculated as they face a likely increase of £200m next year.

They have thrown their weight behind the Fair Rates for Retail campaign launched today by the British Retail Consortium and Retail Week.

After two years of punitive rates increases that added more than £500m to costs, retail leaders believe the industry should not bear a further burden. It would restrict their ability to invest, create jobs and improve town centres, as well as exacerbate harsh trading conditions.

Retailers, who pay 28% of all business rates, have also urged a change in how rates are decided. At present the September Retail Prices Index (RPI) is a key determinant, but a switch to a 12-month average of the less volatile Consumer Prices Index (CPI), which typically moves in a narrower range, would ensure greater long-term affordability and certainty.

Read more here: www.retail-week.com/in-business/fair-rates-for-retail


Keep fighting for people power!

Politicians and rich CEOs shouldn't make all the decisions. Today we ask you to help keep Change.org free and independent. Our job as a public benefit company is to help petitions like this one fight back and get heard. If everyone who saw this chipped in monthly we'd secure Change.org's future today. Help us hold the powerful to account. Can you spare a minute to become a member today?

I'll power Change with $5 monthlyPayment method

Discussion