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Business rates are not working for London’s affordable workspaces
"The London Plan has placed greater significance on the importance of affordable workspaces across the capital."
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"The London Plan has placed greater significance on the importance of affordable workspaces across the capital."

"The 2023 business rates revaluation is likely to create a barrier for affordable workspaces, as it’s these spaces that are likely to be disproportionately impacted, particularly the historical ‘fringe’ locations"
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"Failings and criticisms of the system will continue for years to come. "
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"The current system clearly isn't working and a single solution is unlikely."

"The taxation system needs to provide certainty."

"It's good news for the industrial and logistics sectors, as well as office occupiers."

"Covid-19 is having a material impact on the UK retail and leisure market, with the situation constantly evolving"
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"The sector should prepare for the real prospect of increased rates."
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"The new rateable values will be based on figures from 1 April 2019."

"April saw no change in prime yields but the potential direction of travel has become more mixed across the sectors"