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Thumbs down to extra rates

Series: Property Week ; 65(48) 8 December 2000, 7(1)Publication details: 2000Subject(s): Summary: In research by Fuller Peiser and NACORE, government plans for a tax on businesses to fund local improvements have been convincingly voted against. 93% of business occupiers are opposed to government plans for a supplementary business rate, as set out in the Green Paper "Modernising Local Government Finance". RICS response to the scheme is that the level of the UBR needs to be reduced for a supplementary rate to be accepted by businesses.

In research by Fuller Peiser and NACORE, government plans for a tax on businesses to fund local improvements have been convincingly voted against. 93% of business occupiers are opposed to government plans for a supplementary business rate, as set out in the Green Paper "Modernising Local Government Finance". RICS response to the scheme is that the level of the UBR needs to be reduced for a supplementary rate to be accepted by businesses.