Daunt slams 'injustice' of business rates for bricks and mortar stores

Daunt slams 'injustice' of business rates for bricks and mortar stores

Waterstones has a “major hurdle” to jump in April, when the introduction of the UK government’s “unjust” business rates re-evaluation will leave the company with a £2m-a-year shortfall, which could jeopardise the retailer’s recent return to profitability.

The government recently released new rateable values for tens of thousands of businesses in England and Wales, effective as of April, in its first overhaul since the recession in 2008. Businesses in London and the south-east will bear the brunt of the changes, with rates set to soar because the rentable value of properties in those areas ...

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