2013 Budget: GVA on business rates20th March 2013

David Jones, Senior Director at GVA: "We don’t envisage a U-turn by the Chancellor on reinstating the 2015 revaluation for sake of equity or dramatically easing the pain of empty rates, which costs over 1 billion a year. That said Cable has been outspoken and influential as Business Minister on both matters. Although too late to go back on reinstating the 2015 revaluation his intervention could help persuade the Chancellor to implement some overhaul of empty rates relief with possible extra reliefs to small business struggling to pay growing rate bills in the worst affected parts of the country. "