Property News · February 15, 2017

Blow to City as London offices face £1.4bn rise in business rates bill


Brexit and rising rates may force big names in finance to ditch the Square Mile as mayor Sadiq Khan calls for devolving tax powers to the capitalA sharp rise in business rates for offices in the City of London is threatening to undermine the Square Mile’s drive to remain a key financial centre in Europe after Brexit.The business rates bill for offices in the City will rise by £1.4bn, or 33%, over the next five years. Continue reading…

Source : theguardian.com
Read more…Blow to City as London offices face £1.4bn rise in business rates bill

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