24 Mar 2025
Tax and Finance
Business Rates: The Wider Economic Impact
We and other stakeholders have consistently called for reductions in business rates – and yet there is very limited existing research which considers the wider economic consequences of maintaining high levels of business rates – or indeed, the benefits of a reduction in business rates. Given the UK imposes a very high level of tax on property, over double the OECD average, this research seeks to better understand and quantify the implications of increases or decreases to the business rates burden on our wider economy.