Welsh Government's consultation on the introduction of new business rates multipliers

We responded to the Welsh Government’s proposals to introduce a lower multiplier for retail properties below £50k rateable value, to be funded with a higher multiplier on properties values above £100k.

We expressed concern that these measures would add complexity to the system and risk distorting commercial decisions around new ‘cliff-edge’ thresholds. 

We also raised concerns in relation to the impact these measures could have on businesses that use large or expensive properties - which is likely to include a number of our growth sectors that are being championed in the Industrial Strategy like advanced manufacturing, lab space, data centres and more.

We're concerned these measures could have an adverse impact on our potential for economic growth which would be damaging for our high streets.