The Government’s new bill introduces:
Higher business rates for properties over £500k, targeting warehouses but also hitting breweries, airports, football stadiums, and high-street retailers like John Lewis and Morrisons.
Lower relief for small businesses in retail, hospitality, and leisure - cut from 75% to 40%, costing the average pub £5,500 annually.
Removal of charitable rate relief for private schools, pushing 90,000 students into the state sector (Institute for Fiscal Studies)
Businesses already struggling with a £25B rise in employer national insurance now face £925M more in taxes.
Labour promised to scrap business rates and tackle online giants. This bill does neither.
