Business News 01 Mar 2013

Small business group calls for Budget action on business rates



The Forum of Private Business (FPB) has called on Chancellor George Osborne to scrap the 2.6% increase in business rates planned for April, in his forthcoming Budget.

Research conducted by the business group has revealed business rates to be the least popular of all business taxes, with 94% of businesses reporting that the rates are too high.

Business rates are currently linked with inflation, a fact which resulted in a 5.6% increase in rates last year.

However, the FPB is urging the Chancellor to consider capping further rises at 2% for the next two years.

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