Retail body to play key role in Treasury's business rates reform discussions

The British Independent Retailers Association (Bira) has been invited to participate in crucial Treasury discussions on business rates reform.

This invitation follows the government's recently published discussion paper on reforming business rates, released in the wake of the Autumn Statement.

The consultation process, running until March 2025, will help shape reforms set to be announced in the 2025 Autumn Statement and implemented from April 2026.

The talks come at a critical time for independent retailers, following October's Autumn Statement which announced a reduction in business rates relief from 75 per cent to 40 per cent (capped at £110k) from April 2024, adding further pressure to an already challenging trading environment.

Andrew Goodacre (pictured), CEO of Bira, said: "We have been lobbying for meaningful business rates reform for many years, with the ultimate aim of permanently reducing the rates burden on independent retailers. It is extremely positive that Bira will play a prominent role in these discussions, ensuring our members' voices are heard at the highest level."

The association, which works with over 6,000 independent retailers of all sizes across the UK, has consistently highlighted the need for a fairer business rates system.

This consultation process provides a genuine opportunity to influence long-term reform of a system that has long been criticised by the independent retail sector.

Mr Goodacre added: "We understand the importance of these discussions to our members and will keep them fully informed throughout the consultation process.

“This is a real chance to shape a rates system that better serves independent retailers and our high streets.”