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What do the coming business rates changes mean for cities?

What do the coming business rates changes mean for cities?

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Introduction
- Figure Context: What is changing?
1. Most cities will see a fall in their average business rates bills
- Figure Figure 1: Average increase in business rates in cities after revaluation
- Figure Figure 2: Change in average business rates bill 2016/17 – 2017/18
2. Central London is making an ever greater contribution to business rates
- Figure Figure 3: Average increase in business rates in city centres after revaluation
3. Changes to business rates exemptions mean that many small businesses will no longer have to pay any business rates
4. But it also means large businesses will bear ever more of the burden
- Figure Figure 5: Average increase in business rates for properties with rateable values over £70,000
5. And some cities will be very reliant on a handful of properties
- Figure Figure 6: Contribution of the 30 largest properties to total business rates generated in cities
Implications
- Figure Box 1: Methodology

004: Properties that are exempt from business rates

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