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Small Businesses Brace for 45% Property Tax Hike

12/2/2025

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Summary

Story summary

John Jones, retail boss, welcomed the Budget's promise of support for small businesses, though he faces a 45% rise in property tax from business rate changes.
The overhaul aims to help high streets compete with online retailers.
Tax firm Ryan estimates 3,480 properties will pay £112 million more in rates, and 5,370 premises, including hotels and venues, £182 million more next year.
Many businesses feel disadvantaged by these changes.

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Story summary

John Jones, retail boss, welcomed the Budget's promise of support for small businesses, though he faces a 45% rise in property tax from business rate changes.
The overhaul aims to help high streets compete with online retailers.
Tax firm Ryan estimates 3,480 properties will pay £112 million more in rates, and 5,370 premises, including hotels and venues, £182 million more next year.
Many businesses feel disadvantaged by these changes.