In response to today’s Budget, Helen Dickinson OBE, Chief Executive of the BRC said:
"We agree with the Chancellor that the world around us is changing quickly and we need to have a business tax system that is fit for purpose in the 21st century. Any review needs to incorporate business tax in its entirety and not be constrained by the technicality of fiscal neutrality around business rates.
"We hope that the relief measures will help some of those businesses hardest hit by the revaluation, albeit only temporarily. However, more short term relief measures continue to add complexity to an already impenetrable system. £435 million is a drop in the ocean compared with the £25 billion a year that the tax raises. This is yet another sticking plaster on a chronically ill patient – an unsustainable property tax higher here than anywhere in the developed world."