Business leaders have called on chancellor George Osborne to restate his commitment to reviewing business rates, amid fears an overhaul of commercial property charges could be kicked into the long grass.
Business leaders have written to Mr Osborne - who promised the review in last December's Autumn Statement - expressing concern about a lack of any timetable or possible terms of reference for the review.
The letter also expresses concerns about the chancellor’s vow to make any review ‘fiscally neutral’ risks narrowing any review’s terms of reference and undermining its subsequent credibility.
A spokesman for the Treasury stated terms of reference and information on how stakeholders could engage would be set out in due course.
