Business Rates - Why so bloody high?
Discussion
I had been thinking of opening a restaurant in the city where I live but after looking into the business rates I don't think I'll bother!
For a medium sized restaurant with about 20 tables I'm looking at having to shell out £50k+ in pissing business rates for somewhere of a decent size
It led me to a few questions
1) What kind of encouragement does this give people to start a business? I had hoped to give it a go and eventually employ around 12 people but the taxation is ridiculous
2) Surely if the business rates were lower, it would encourage creation of more jobs / business thus reducing unemployment
3) How many other people are in a similar situation to me where they fancy creating a business but do not want to risk it due to the rates?
I'm sticking to my mobile sandwich bar instead
For a medium sized restaurant with about 20 tables I'm looking at having to shell out £50k+ in pissing business rates for somewhere of a decent size
It led me to a few questions
1) What kind of encouragement does this give people to start a business? I had hoped to give it a go and eventually employ around 12 people but the taxation is ridiculous
2) Surely if the business rates were lower, it would encourage creation of more jobs / business thus reducing unemployment
3) How many other people are in a similar situation to me where they fancy creating a business but do not want to risk it due to the rates?
I'm sticking to my mobile sandwich bar instead
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