Chemist + Druggist is part of Pharma Intelligence UK Limited

This is operated by Pharma Intelligence UK Limited, a company registered in England and Wales with company number 13787459 whose registered office is 5 Howick Place, London SW1P 1WG. The Pharma Intelligence group is owned by Caerus Topco S.à r.l. and all copyright resides with the group.


This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction

Business rates freeze vital for pharmacy survival

Business Pharmacy leaders have called for freezes to business rates amid fears that further rises next April would put more pressure on pharmacies struggling to survive.

Pharmacy leaders have called for freezes to business rates amid fears that further rises next April would put more pressure on pharmacies struggling to survive.

Chancellor George Osborne announced a pay freeze to council tax earlier this month but has made no plans to take similar action with the business rate, a tax on non-domestic property.

The British Retail Consortium (BRC) has called for business rate rises to be limited next year and pharmacy financial adviser at Silver Levene Umesh Modi agreed a pay freeze would "significantly help pharmacists, and in some cases could make a difference to their very survival".

Under current rules, pharmacies are likely to be hit by a five per cent increase in the rates next April, on top of a similar increase imposed this year.

"At present, all high street businesses are suffering from reduced turnover, increased costs and reduced profits," said Mr Modi.

"This has an impact on cash flows and as a result on investment and recruitment." he added.

BRC director-general Stephen Robertson called on the government to avoid "destructive" rate hits next year, warning, "extra costs would only undermine retailers' ability to invest and create jobs".

Topics

         
Pharmacist Manager
Barnsley
£30 per hour

Apply Now
Latest News & Analysis
See All
UsernamePublicRestriction

Register

CD014647

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Thank you for submitting your question. We will respond to you within 2 business days. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel