Impact of Business rates rise on small business'

The video discusses the impact of increased business rates on shopkeepers, highlighting the financial challenges they face, such as rent increases and tight margins. Family-run businesses are particularly affected, with concerns about crossing financial thresholds and the fear of expansion due to fluctuating property market rates. The government claims that the reevaluation of business rates will ensure accurate billing, with many small businesses benefiting from reliefs. However, there is criticism over the appeal process and the potential for businesses to be forced to relocate.

What challenges are shopkeepers facing due to the new business rates?

How much will Simon's rate increase by, and what does this imply for his business?

What are the potential consequences for businesses if they cannot afford the increased rates?

What is the government's stance on the reevaluation of business rates?

What concerns do retail groups have regarding the new business rates system?