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41 trade unions call for urgent reforms to ‘outdated and outmoded’ business rates system

October 14, 2021

Via: Charged

The Confederation of British Industry (CBI) and British Retail Consortium (BRC) along with 41 UK trade associations have outlined how action by the Chancellor in this month’s Budget to reform the business rates system could unleash a wave of investment across government priorities, including net-zero and levelling up.

The existing business rates regime was described as “outdated and outmoded”, and said to act as a drag on the government’s goal of a high wage, high productivity and high investment economy.

The current system actively disincentives business investment in decarbonisation, said the statement.

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