The Retail Price Index inflation figures for September have triggered a 2.3 per cent increase in business rates for 2015/16. The current cap of 2 per cent will expire in April 2015 bringing increases across the board for all occupiers of business premises. Multi-site retailers will be adversely impacted just as business has begun to improve in most quarters. Retailers are mounting a strong protest and calling for a renewal of the cap whilst major reform to the business rating system is agreed and a fairer regime implemented.
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