William Eichler 21 January 2025

High street businesses brace for business rates hike

High street businesses brace for business rates hike image
Image: LALAKA / Shutterstock.com.

Thousands of high street businesses are set to see their rates bill more than double this year, financial experts warn.

According to Colliers, the Government’s decision to cut the retail, hospitality and leisure (RHL) business rates reliefs from 75% to 40% from 1 April will drive up rates bills by 140% or more this year.

Colliers has calculated this will mean that retailers currently benefiting from the relief will see their business rates bills increase on average from £3,751 a year to £9,003.

Restaurants and pubs will see a rise on average from £5,563 to £13,351 and £4,017 to £9,642 respectively.

Nightclubs will also be hit hard as their annual bills rise on average from £7,479 to £18,245, and gyms will see their bills rise on average from £2,942 to £7,060.

The Government has said it will help the RHL sectors by introducing a lower multiplier for those who have up to now received reliefs. However, this won’t be implemented until April 2026.

John Webber, head of business rates at Colliers, said: ‘The RHL sector has already been hit for six with the increases in employer national insurance contributions, increases in the minimum wage and increased inflation.

‘Many businesses are now considering their options, and some won’t survive. For the Government to add these extra business rates costs on top just now beggars belief.’

SIGN UP
For your free daily news bulletin
Highways jobs

School Crossing Patrol Officer

Essex County Council
Up to £13.4600 per hour
School Crossing Patrol Officer Chelmsford, Essex Part-Time, Temporary 7.5 hours per week, term-time only Up to 6 Months £13.46 PAYE / £17.24 Umbrella England, Essex, Chelmsford
Recuriter: Essex County Council

Deputy Team Manager - Older Adults Mental Health

Essex County Council
£48205 - £57988 per annum + Flexible Working, Hybrid Working
Interviews will be held in person at Rowan House, Colchester on 6th May 2026.The TeamWe are a committed team working with adults aged 65 years plus a England, Essex, Colchester
Recuriter: Essex County Council

Executive Director Place, Economy and Environment

West Northamptonshire Council
£151,368 – £161,559 (pay award pending)
West Northamptonshire is an ambitious, fast‑growing place with a bold vision for inclusive and sustainable growth. Northampton, Northamptonshire
Recuriter: West Northamptonshire Council

Assistant Director Adult Social Care Operations

Buckinghamshire Council
Circa £92,000
Are you a credible, values-driven leader with the operational grip to deliver change? Buckinghamshire
Recuriter: Buckinghamshire Council

Chief Executive

Thurrock Council
c. £200,000
Lead the change, shape the future. West Thurrock, Grays
Recuriter: Thurrock Council
Linkedin Banner