Business rates relief finally arrives for forgotten sectors

Danni Hewson
25 March 2021

Danni Hewson, financial analyst at AJ Bell, comments on the new £1.5 billion pot of Business rates relief announced by the Government today:

“For businesses like those in restaurant supply chains today’s announcement will bring a sigh of relief.

“Though the government has provided much needed help to the retail, leisure, and hospitality sectors throughout the pandemic there have been businesses left struggling. The announcement of an additional £1.5bn in rates relief is exactly the sort of measure many had expected to be announced on ‘Tax Day’ which instead proved to be something of a damp squib.

“There will, though, be frustration that it has taken the government so long to offer this assistance which comes at the 11th hour of a very long struggle and has led to thousands of appeals for discounted rates after the covid pandemic wrought a ‘material change of circumstance’ for so many.”

Danni Hewson
Financial Analyst

Danni spent more than 19 years at the BBC, presenting and reporting on business news across a variety of programmes – including BBC Breakfast, BBC News Channel, BBC Look North and latterly Radio 5 Live’s flagship business programme ‘Wake up to Money’. She is now responsible for producing analysis and commentary across a broad range of subjects at AJ Bell, from financial markets, to economics and personal finance.

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