Property News · February 23, 2017

The destruction of Britain’s high streets is no accident | Simon Jenkins


This business rate crisis is the direct result of flawed policy that penalises commerce in our town centresChildren should not play with bombs. Business rates are the cluster munitions of fiscal policy, and the chancellor, Philip Hammond, and his “communities” secretary, Sajid Javid, have been playing with them all week. They have duly exploded in high streets all over southern England. There is blood everywhere.When I discovered that the resident of one of the most expensive flats in London was paying £1,400 a year in property tax, while Javid wants a watch shop in the same building to pay £244,000, I realised that whatever else Britain is good at, it is terrible at taxation. Continue reading…

Source : theguardian.com
Read more…The destruction of Britain’s high streets is no accident | Simon Jenkins

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