16/11/18
The biggest news from last week’s budget for many of our clients is the proposed introduction of a new retail relief for up to 90% of High Street properties.

The Chancellor promised to cut liabilities by a third on retail premises with a Rateable Value of up to £51,000 for two years from April 2019 and we understand that the definition of “retail property” will also include car showrooms, restaurants, coffee shops, pubs, bars, etc.

As always, the devil will be in the detail and our rating surveyor consultants will closely monitor progress on implementing the legislation to ensure that all of our qualifying clients benefit from the relief.

Other measures include a new taskforce with a £675m budget to regenerate High Streets nationwide and 100% relief for all stand-alone public lavatories.