Oct 27, 2021
UK small businesses want action on staff shortages and business rates
Staff shortages and supply chain disruption have blighted many UK companies since pandemic restrictions ended and the delayed impact of Brexit became apparent. Wednesday's Budget did little to alleviate the stress on his business, which does not qualify for the one-year cut in business rates offered to the hospitality, retail and leisure sectors - even though he supplies them. She had to fight for six months to ensure Motif 8 became eligible for the relief on business rates initially granted to leisure and retail businesses, and fears that she will have to do the same again to qualify for the 50 per cent reduction announced by the chancellor on Wednesday. Her bank has deferred repayment on a £50,000 government-guaranteed bounce back loan, but business rates - a tax on commercial property - are falling due again, and the company is struggling with wages, insurance and rent, while staple events such as agricultural shows have yet to return. He would like to see the chancellor introduce wholesale reform to the way business rates are applied and "To level the playing field" for independent high street retailers by increasing taxes on online trade.
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