The recovery of London businesses risks being undermined by GLA plans to move ahead with funding Crossrail using a Business Rate Supplement, according to the British Retail Consortium.
Reacting to the GLA’s Initial Prospectus for Crossrail, published today, the British Retail Consortium said that while Crossrail is much needed and long overdue - retailers will contribute far more than they will benefit from the scheme.
The plans call for a BRS of 2p to business properties with a rateable...
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