Search News

Results: 1-10 of 1225


Start again

18 Nov 2019

The Conservative Party proposes to provide a business rates discount for retailers

15 Nov 2019

ACS has briefed all prospective parliamentary candidates on the policy issues that affect local shops

13 Nov 2019

The 5 main asks for the next government to encourage walking and cycling

12 Nov 2019

Sarah Graham, owner of Arragon's Cycles has spoken out about how the competition has affected their business and how they continuously strive for greatness.

12 Nov 2019

A recent story published on BBC news shows how a popular finance provider misled a 21-year-old student which ended in her...

11 Nov 2019

GoFundMe is being used as a method for small businesses to raise funds that are cash-strapped and struggling

6 Nov 2019

A Bristol-based deli with a reputation for incredible cakes and superb takeaway dishes, cooked on site, has been named as Britain's Best Small Shop of 2019.

4 Nov 2019

This year two amazing art shops and a stunning stationery shop have been named in the running to be Britain's Best Small Shop 2019!

30 Oct 2019 | 2 comments

After years of planning, the ‘Connecting Leeds' scheme is now underway,which will transform travel for people who live, work and visit the city.

29 Oct 2019

The Recycled Candle Company and The Naked Pantry New Forest go above andbeyond to ensure their products are environmentally friendly while still maintaining excellent customer service!

Conservative Party Business Rates Announcement

Posted on in Business News , Cycles News

A recent story posted by a member of the Independent Retailers Confederation (IRC), ACS, outlines the Conservative Party's new package of measures that, if elected on 12th December, they will implement to support towns across the UK. The party proposes to provide a business rates discount for retailers. The proposals would mean that for businesses with a rateable value of less than £51,000, the retail discount would increase from 33% to 50% in 2020/21.

ACS' Local Shop Report 2019 found that the convenience sector contributes £308 million in business rates, meaning that an increase in the discount for stores with a rateable value of less than £51,000 could save the sector over £30 million in 2020.

The Conservative Party has estimated that the discount would effectively cut tax by £280 million for the small business sector. The Conservative Party has also proposed to support community groups to buy local Post Offices and pubs through £150 million funding.

The full Conservative Party's announcement can be found here.

Add a comment

It is quicker to comment when you login

Your email address will only be used to contact you regarding this comment. We will not share your email address with anyone and it will not be published on the website.