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BID-style tax for City businesses

Series: New Urban Futures ; (7) 24 January 2003, 5(1)Publication details: 2003Subject(s): Summary: Businesses in the City of London are likely to become the first in the UK to pay a supplement to their business rates to fund a Business Improvement Districts-style tax to boost security. Occupiers would face an extra 1% on their rates. The British Retail Consortium intends to lobby against the tax rise. The proposals are included in government's Local Government Bill.

Businesses in the City of London are likely to become the first in the UK to pay a supplement to their business rates to fund a Business Improvement Districts-style tax to boost security. Occupiers would face an extra 1% on their rates. The British Retail Consortium intends to lobby against the tax rise. The proposals are included in government's Local Government Bill.