Rupert Lowe MP
This is important. I have been contacted by a shocking number of small businesses whose business rates bill is set to soar. And I mean soar. It is a destructive, outdated, unfair tax regime, and it’s getting A LOT worse. These revaluations are just brutal.
Most politicians don’t understand business rates, and even fewer care to. They talk about ‘growth’ while presiding over a tax system that punishes the very people who keep our economy alive.
Scrap the current system. I’d abolish business rates entirely. It’s economically illiterate in today’s age. Replace it with something tethered to reality, turnover. Much smaller levels, but targeted - make it fair with the online giants.
It is ridiculously complicated, and small businesses are now figuring out just how much more they’re paying. VAST hikes. 300% rises. Often more. Tens of thousands of pounds to find. This is a nuclear winter for these firms. All on top of the NI changes and the new workers' ‘rights’ bill. Headwinds everywhere…
Small firms cannot absorb another shock when the next revaluation hits. I’ve been contacted by firms outlining some of these hikes. I mean it’s just unmanageable.
They will go bust. It’s that simple.
Those who limp on will have to cut investment, fire staff and increase prices.
That drives inflation, and so the doom loop continues.
Brilliant. Great work everyone.
If the government is serious about growth, it should start by letting small firms keep their own money to invest and hire.
A physical shop pays a fortune in rates while an online corporate pays next to nothing. This is economic self-harm.
It is destroying our towns...
And we’re surprised that so many of our high streets are turning into desolate shitholes? When the cost of doing business on said high street is so astronomical? Is anyone surprised? I’m not.
Stop pushing SMEs into insolvency with bureaucratic fantasy-valuations from civil servants who have never even run a paper round.
Business rates need a radical overhaul, urgently. I am raising this in Parliament.






