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Calls for business rates system to be overhauled

The Federation of Small Businesses (FSB) has called for a "radical overhaul" to the way the UK's business rates system operates.

A survey conducted by the organisation revealed that nearly one in ten of the respondents are paying more in rates than they do in rent, with approximately one-fifth of those questioned stating that they pay full rates.

National chairman of the FSB John Allan has called for the government to review the situation, stating that he wants a "level playing field for all businesses".

He described the current business rates system as "outdated and unfair", adding that the FSB would like to see a variety of measures announced in the Autumn Statement to provide assistance to the most at-risk firms and to pave the way for a discussion about how to change things going forward.

The FSB isn't the only organisation to express concern over the UK's business rates, with the director general of the British Retail Consortium Helen Dickinson recently stating that this is a "core issue" for retailers in the country.

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