News

28 Sep 2021

Bira welcomes Labour's election pledge to axe biz rates

Bira has welcomed the election pledge of the Labour Party to scrap business rates.

At the Labour Party Conference, Shadow Chancellor Rachel Reeves (pictured, below) claimed that a Labour government would immediately cut the business tax, before eventually phasing it out completely.

The reform would look to shift the burden from the high street to online giants, and end the tax relief afforded to private schools due to their charitable status. Bira has long campaigned for fairer taxation with a bigger proportion paid by the online giants.

 

Andrew Goodacre, Bira's CEO, said: "Bira welcomes Labour’s announcement to scrap business rates.

"It is obvious that the rates burden must be reduced to aid the recovery and protect the high street.

“Well done to Labour and I hope that the Chancellor makes a similar pledge in his autumn statement at the end of October."

What do you think of this manifesto pledge? What would you like to see in the Chancellor's autumn statement? We'd love to know what you think. Email emily.bridgewater@bira.co.uk or call the Membership Team on 0800 028 0245


Additional Guidance and Resources