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Alliance Boots and Morrisons have made fresh calls to the Government to reform business rates. The two retailers made their submissions ahead of the first evidence session on Tuesday for the inquiry into the UK retail sector.
Morrisons said that “steep rises in business rates and lack of certainty in the rate-setting mechanism, are damaging confidence and weighing heavily on investment decisions” – a view which Alliance Boots and many others agree with.
Alliance Boots said that “the most significant challenge to operating successfully on high streets and town centres is business rates”.
Jeweller, F Hinds explained how it had to turn down “several” shops because the rates bill was so high and “often” higher than the rent itself – a situation faced by many SMEs.
We agree that businesses need to continue to lobby government to tackle this issue and hopefully this inquiry will go some way into making the Government realise the effect that the current business rates are having on the high street.
A convenience retailer has opted to install cameras (the “Facewatch” system) at a limited number of its English stores to reduce crime and protect its staff.
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The Government appears set to announce plans on ‘living with Covid to restore freedom’. With the success of the retail and hospitality sector key to recovery, what protections will be on offer to tenants to deal with Covid-19 rent arrears?
Break rights have proved a fertile source of litigation over the last few years. More often than not, tenants have found themselves on the wrong end of the decisions. However, a Court of Appeal decision yesterday has bucked that trend.
One of the requirements for tenants to contract out of the security of tenure regime contained in the Landlord and Tenant Act 1954 is that they make a simple or statutory declaration before entering into the lease.
Partner and Head of Real Estate
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