Spring Budget 2017: What this means for Retail

Posted by Oliver Sowton on
Oliver Sowton, a retail specialist at law firm Blake Morgan, said: “The high street is a very competitive business environment and the significant and sudden increase in business rates may prove to be a tipping point threatening the long-term viability of some high streets.

“The rates relief for small businesses should go some way to softening the blow, but it remains to be seen how it will work in practice and how the £300m relief fund will be divided up and of course whether this is enough.

“Pubs are one of the components of creating viable town centres, a sector which has struggled in recent years, so the discount will be of some relief but operators in other sectors may well ask why the pub sector is getting favourable treatment on this issue.

 

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A specialist in real estate, Olly leads the team's Corporate Occupier and Asset Management group, as well as the firm's Retail and Leisure sector group.

Oliver Sowton
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