Not heard you mentioning this Rachel?

It looks like a valuations office cockup, not a Rachel Reeves thing. There's an appeals process.

I think if you see it alongside increased business costs from changes to NI etc then yeah a lot of small businesses are going to suffer. Unemployment has gone up and this is just going to make it worse.

Jump on Twitter and ask them what it was rated prior to 2023 - I will bet money on the fact that it was closer to £73,000 than £22,000.

yep

I am not going to get exercised about someone I know bugger all about spouting figures from thin air on…. x

Jump on Twitter and ask them what it was rated prior to 2023 - I will bet money on the fact that it was closer to £73,000 than £22,000.

The 2023 rateable value was based on the value of the property in 2021 - you know - when most pubs were still in pandemic recovery phase, and 1000's were closing. You could pick up a pub for virtually nothing then.

Prior to that rates were set in 2017 based on 2015 values. Most pubs saw a decrease in the rateable value in 2023 from the 2017 figure because of the pandemic.

In normal times, it would have actually been an increase which means this re-evaluation would not have been as steep!

I suspect it also isn't a huge concern for this budget, firstly because it is not part of the budget process, it is standard government procedure which happens every three to five years and secondly because the taper relief that is in place for the next three years, which means that the business rates bill for both of those landlords won't actually increase that much for three years.

So the government actually has plenty of time to tackle the issue before it becomes a major problem for landlords.

But I can tell by the way you've talked about 'typical Labour supporters' being out in force and linked a standard process to a budget that it has nothing to do with that you're just a typical Tory supporter who doesn't like to let the facts get in the way of a good anti-Labour rant!

Yes - my business rate valuation has shot up too. Not as bad as some but here in Wales there is no taper relief like there is in England so some will be going out of business.

Do you really think you’ve hit upon some outcome that no one else considered?

don’t you think the government have teams of experts whose responsibility it is to model outcomes and advise on mitigations and impacts? And that they do have more knowledge and expertise than a small business persons “idea” of what might happen?

You make a good point about small businesses. They are really the backbone of the private sector, just as they are throughout Europe, and yet are seemingly ignored by politicians of all parties.

The majority of private sector employees (60%) work in SME businesses, but the political parties would rather talk to the CBI - i.e. the big employers - than representatives of the SMEs. Just this week there was the unedifying sight of Badenoch calling for smaller government (i.e. more outsourcing and more privatisation) at the CBI conference chaired by Rupert Soames, who is the former CEO of Serco, one of the largest companies profiting from providing precisely these services. Soames asked a Badenoch a few soft questions - he could just as well have written her speech for her.

Amazingly, I just think an intelligent value add discussion needs more than “puppet” but you do you

You can try being honest and say you want to not talk about how Rachel is a puppet and how having such an incompetent individual in charge of the country's finances is nothing short of insane and stupid.

If you'd rather not, then don't beat around the bush and admit you don't care about or approve of the damage she's done.

Do you want to talk about business rates or post random sound bites? Because the nonsense sound bites are pretty boring to read

So why do you think anything you say on the matter is relevant? If you don't believe the hospitality industry is on it's arse, you're either very rich and can afford higher costs or you're happy that part of the private sector is being crushed out of existence.

Has anyone seen reports of councils near bankrupt? Have you read threads on older people not getting care their need, young people not getting transport to school they need, insufficient special needs places? How about pot holes, hospital waiting lists? Facilities for young people … list goes on y et nobody wants to pay for it. Pubs were given a discount due to the pandemic, that has now ended.

im not defending specific policies but people are crying out for services yet nobody wants to pay

To be fair the fact that’s it’s a revaluation year and the multiplier aren’t secret. It could well be that the OPs increase is high. As I said above the average I have is 25% increase

I don’t care about total randoms on X posting figures that I call BS on

That’s not really how business works. You pass it on if your price point allows. Most businesses can’t just put up their price in conjunction with cost increases, because customers won’t pay more.

generally, they’ll have to take a hit to profit or reduce cost elsewhere

Telling us the percentage increase in rates when you start a thread bemoaning the rate increase - is a fairly reasonable question

and the coyness about answering is an answer really

She knows nothing.

Because people's finances are literally none of anyone's business. Anyone who pries like that is possibly in favour of digital ID "If you've got nothing to hide, you have nothing to worry about."

You and X Op!

It is like the bible to you!

What’s that got to do with anything? She still didn’t establish the valuation office multiplier