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Money Box Live: Business rates - time for reform?

Financial phone-in. After weeks of controversy over the revaluation of business rates, the government is under growing pressure to overhaul the complete system.

Thousands of businesses in England and Wales are set to see dramatic changes to the amount they pay in business rates from April. After weeks of controversy, the government is under growing pressure to overhaul the rates system. But what could reform look like and how would it circumvent some of the unfairnesses of the current arrangement?

If you are a business set to lose out or one that will benefit we'd love to hear your thoughts. Email: moneybox@bbc.co.uk or tweet: @moneybox. You can call 03700 100 444 between 1pm and 3.30pm on Wednesday 1 March. Standard geographic charges from landlines and mobiles will apply.

Also, what happens to the revenue raised by business rates is changing. From April 2019 local authorities will be able to keep 100% of proceeds. They will also have the power to cut (but not raise) rates. The hope is that this will drive competition between councils to attract new businesses to generate income. But will it work?

Presenter: Louise Cooper
Producer: Alex Lewis and Matthew Bardo
Editor: Andrew Smith.

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30 minutes

Last on

Wed 1 Mar 2017 15:00

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  • Wed 1 Mar 2017 15:00

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