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Birmingham Post
Birmingham Post
Business
Sion Barry

Welsh Government needs to match England on business rates says business leaders

Welsh Government England Rebecca Evans Wales

Business leaders have called on the Welsh Government to at a minimum freeze business rates for the next 2023-24 financial year.

Some 15 business representative group and industry bodies, including CBI Wales, FSB Wales and the Wales Tourism Alliance, have written to Finance Minister. Rebecca Evans, urging her not to increase the multiplier rate on business rates (currently 0.53 which is times rateable values) and follow next year’s freeze applied to England announced by Chancellor Jeremy Hunt in the recent Autumn Statement.

They say that the business rate multiplier in Wales is at a 23-year high and greater than in England. The Welsh Government will confirmed its business rate and relief threshold regime for 2023-24 when it publishes its budget on December 13th.

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