Burnham’s High Street Tax Plan Carries £880m Price Tag

Andy Burnham's high street plan set to cost £880m as Labour goes after online giants

Andy Burnham's proposal to overhaul business rates to support small high street firms could cost around £880million annually, a bombshell new analysis has revealed. The former Greater Manchester Mayor, who could become Prime Minister in just a fortnight, intends to fund support by taxing large warehouses used by online giants, including Amazon.Mr Burnham opened the door to tax rises during an interview with LBC last week, claiming there is "room…

Burnham’s £880 million plan to save high street shops

Burnham’s high street tax plan carries £880m price tag

Andy Burnham’s plans to overhaul business rates in favour of Britain’s high streets could cost around £880m a year, according to new analysis, as questions mount over how the Labour leadership frontrunner would pay for one of his first major tax reforms. Forecasts by global tax firm Ryan suggest Burnham’s proposal to expand Small Business Rates Relief would remove more than 140,000 additional small business premises from paying business rates al…

Burnham’s business rates plan to boost high street ‘could cost around £880m’

Forecasts by global tax firm Ryan suggest proposals could lift more than 140,000 additional small premises out of paying business rates.

Small businesses need stability, not more sweeping change under Burnham

In the following article, Sabby Gill, CEO of Dext, examines Andy Burnham’s initial plans for economic growth and argues that small businesses need stability, simpler regulation and greater support for digital adoption if they are to unlock productivity and sustainable growth. Small businesses will welcome any serious plan to reform business rates, back entrepreneurs and spread growth beyond Westminster. But from the conversations I have every da…

ACS backs Burnham's business rates proposals for England

The Association of Convenience Stores (ACS) has welcomed Andy Burnham’s proposed changes to business rates in England. Since becoming MP for Makerfield, Burnham has suggested during interviews that if he were to become the next prime minister, he would increase the threshold at which small business rate relief in England applies from £12,000 currently to £18,000 rateable value, with an increase in the tapered thresholds up to £21,000 (currently …