Peter McCormack urges Angela Rayner to offer business rate relief
@PeterMcCormack: McCormack on business rate relief
Peter McCormack, a prominent voice in the economic community, has made a public appeal to Angela Rayner, Deputy Leader of the Labour Party, to consider implementing 100 percent business rate relief for shopping districts.
In a recent tweet, McCormack highlighted that high business rates significantly cut into profit margins, creating a substantial barrier for local entrepreneurs looking to revitalize empty storefronts in town centers. McCormack pointed out that charitable organizations already enjoy substantial rate relief, suggesting similar support could invigorate local economies.
His proposal looks to transform town centers into ''Zones of Economic Activity'', potentially broadening opportunities for small business owners and supporting community regeneration. The discussion is poised to gather attention from policymakers and local entrepreneurs alike, as the debate over business rate policies continues.
Loading...
In the previous news, tweet author Peter McCormack discussed why a blockchain exists and Bitcoin's unique value proposition.
