IoD calls for extension of rates relief

The Institute of Directors is urging the government to extend business rate reliefs enjoyed by small companies to expanding businesses in order to “provide a vital uplift” to the economy as Britain leaves the EU. “Businesses should not be discouraged from investing in or growing their organisations,” the lobby group said in a submission to the Chancellor Sajid Javid. The institute also called for increased funding for start-ups and a delay to the digital services tax.

The CBI is adding to pressure on Mr Javid to overhaul the rates system with director-general Dame Carolyn Fairbairn set to meet the Chancellor next week and urge him to turn Britain’s new-found optimism into a “surge in investment” across the country.

Source: The Times