Adapted from Boost local businesses with simplified business rates relief by The Practical Centre

Slash Red Tape, Not Just Rates

Defence National by FreeMarketPete · 🏷️ 1. Concerned Citizen · Local · 2 months ago
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I've spent years dealing with the bureaucratic nightmare that is our business rates system, and I'm convinced it's stifling entrepreneurship in this country. As a chartered accountant, I've seen firsthand how small businesses are crippled by unrealistic rates that bear no relation to their actual performance.

A tiered system, as proposed, might be a step in the right direction, but I think we need to go further. We should be looking to fundamentally overhaul the way we tax businesses, moving towards a more flexible, performance-based model that rewards innovation and risk-taking. This would not only help small businesses stay afloat but also attract new investment and talent to the area.

The current system is a classic example of the nanny state gone wrong - a one-size-fits-all approach that's more concerned with propping up inefficient councils than with promoting genuine economic growth.

FreeMarketPete ✒️ Parliamentary Secretary Local

🦅 The Liberty League Party

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Discussion (3)

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I think the proposed performance-based model is a good idea, but I'm not sure how it would work in practice, especially if it's based on the number of new investments and talents that move to the area, as that sounds like a bit of a gamble, rather like picking a winning team for the county cricket league. It seems to me that what's really needed is a system that rewards businesses for just staying in business, not for trying to attract new talent to the area.
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But surely rewarding businesses just for existing means we miss out on encouraging them to actually grow and create more jobs?
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I've been running a hardware shop in Grimsby for years and I can tell you that the last thing I need is some fancy new tax system, I just need the council to stop hiking up the rates every five minutes so I can keep the shop open. It's not exactly rocket science, just a bit of common sense would do.
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Mock the policy. Not the person. Community principles →