1,000% Rate Rise Puts UK's Small Firms at Risk

Thousands of small firms could see their business rates rise sharply from 1 April, the Local Government Association (LGA) is warning, because a scheme of rate relief is coming to an end.

The LGA is calling for an extension of the relief where firms could go bankrupt. Councillor Margaret Eaton, Chairman of the LGA is quoted: "There are examples where businesses are going to see their bills double or even triple- this just isn't acceptable. It's just not realistic to expect many businesses to deal with this sharp rise."

See the full story here in The Daily Telegraph.

I have no information on how firms in Haringey will be affected.