Property revaluation put off to 2023

The Treasury risks condemning businesses struggling with the fallout from the coronavirus pandemic to paying business rates bills that bear "no relation to economic realities" after it delayed a reassessment of property values, experts have said. The Government said postponing valuations until 2023 would "reduce uncertainty for business" but Jerry Schurder, head of business rates at Gerald Eve, the property adviser, said: "This announcement does indeed 'give businesses certainty' - but only in that they now know their bills are going to remain unsustainably high."

Read more: The Times

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