Councillor Alexander Stafford, the Shadow Cabinet Member for Business, has launched a campaign to protect Ealing’s businesses from excessive business rate rises in 2017, with a meeting with Tony Devenish AM. The member of the Greater London Authority for West Central is a supporter of Ealing businesses, having recently addressed the Ealing Business Club where Councillor Stafford challenged him about the effects of the business rate rise on local businesses.
Ealing businesses will have an average 13% increase at the next valuation date of April 2017, which will have a significant impact on local businesses.
Councillor Stafford commented:
“I welcome the permanent increase to small business rate relief (SBBR) which takes 600,000 small companies out of the business rates system across the UK. This reduces the burden on the most vulnerable small businesses, who are currently disproportionately affected by the cost of business rates. However, many small businesses in Ealing are not able to access SBBR, due to rateable values being too high. A 13% increase would have a crippling effect on many small businesses and I will do everything I can to get a better deal for Ealing businesses.”
The FSB is calling on the Chancellor to create an increased inner and outer London SBBR threshold that reflects the specific problems faced by small businesses in the capital. In outer London (which includes Ealing) where rateable values have increased by a lower percentage, the FSB believes that the threshold for 100 per cent relief should be set at £15,000 tapering to £18,000. Councillor Stafford is meeting with the FSB in January to discuss their proposals and to fight for a better deal for the businesses of Ealing.
If you are a local business and wish to raise the issue of business rates in Ealing or want to know how they will affect you, please do get in touch.