The British Retail Consortium is seeking a commitment to “fundamental” business rates reform in the Chancellor’s Autumn Statement on December 3.
In a submission to HM Treasury ahead of George Osborne’s speech, the BRC has urged the Government to do more to make the business rates system fairer.
It said commitment and immediate action from the Government to extend the current one-year cap on rates, as well as small business rate relief and the discounts announced this time last year, would help businesses to invest and create more jobs on the high street.
Helen Dickinson, director general of the BRC, said: “The time is right to set out a roadmap to fundamentally reform the system and make it fit for purpose for the 21st century.
“We do not have any expectation that this could be fulfilled in advance of the general election, but an indication that it will be on the agenda for a future government will resonate very well across British business and facilitate further planning to allow business to play a fuller part in the economic recovery.”