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'Unsustainable rises' in business rates bills to add pressure on High Street

Colliers warns retailers and hospitality firms could see business rates bills rise 140%
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street. (Hollie Adams/Bloomberg via Getty Images)
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street. (Hollie Adams/Bloomberg via Getty Images)
CoStar News
January 21, 2025 | 2:44 P.M.

Thousands of shops and restaurants will see their business rates bills rise by 140% or more in the year ahead due to changing government policy, according to a Colliers' property expert.

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