Town hauls

Article Abstract:

Many businesses in the UK fear that business rates may increase to pay for Labour Government plans, such as businesses in London helping to fund the reform of London Transport. Industry experts suggest that the government should initially establish how much revenue they require from business rates. Increasing rates may lead to a decline in rents. Small businesses are particularly concerned because they already pay a disproportional amount of their profits in rates, compared to big companies. It has been suggested that business rates may increase to 55 pence sterling an increase of 20%.

All Other Nondepository Credit Intermediation, Short-term business credit, Short Term Business Finance, United Kingdom, Finance, Economic policy, Business enterprises, Property taxes, Property tax, Short term business financing

---

Post public-sector trauma

Article Abstract:

The Belfast office market has traditionally been fuelled by public-sector demand, but this has been eliminated as a result of government cost cutting. This demand has not yet been replaced by interest from the private sector, and developers are therefore unwilling to go ahead with schemes unless they can obtain pre-let agreements. There is a particular lack of private sector demand for office buildings of more than 10,000 sq ft, and this sector is only likely to be revived if steps are taken to encourage company relocations.

Buildings and facilities, Northern Ireland, Office buildings, Belfast, Northern Ireland

---

The heart of business

Article Abstract:

The Lanarkshire Development Agency (LDA) was set up following the closure of a plant owned by British Steel at Ravenscraig, and the LDA helps sponsor real estate projects in the region of Strathclyde, Scotland. New towns attract investment in western Scotland as do projects aided by the LDA, but elsewhere there is too much second hand space and rents are not rising, so there is little to attract developers from the private sector. Glasgow Development Agency is another body active in the region.

Economic aspects, Real estate industry, Scotland, Strathclyde, Scotland

Similar abstracts:

• Abstracts: City on call. Fast lane to the future. Getting the treatment
• Abstracts: Opportunity abounds. Don't be secret agents. Hedge your housing bets
• Abstracts: Lowdown on an upturn. Motorway drill. Trying to get the answers right
• Abstracts: Tiger loosens its grip. Preparations for change
• Abstracts: Swanston passes the baton ... and Pott takes up the running

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.