Plans to raise business rates scrapped
The West Midlands Combined Authority (WMCA) Board is set to confirm that an additional tax on businesses in the region will not go ahead.
A proposal for a blanket increase of 4% for businesses over the whole region had been discussed for a number of years as a way to fund the metro and other transport, housing and regeneration projects.
It would be the equivalent of businesses paying an additional £34m per year.
The WMCA said manufacturers with large floor spaces and large retailers who are anchor tenants in high streets acr... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
