Boris: London businesses are being "clobbered" by high business rates

London businesses are being “clobbered” by high business rates, London Mayor Boris Johnson said yesterday.

The Mayor called for a cut in business rates and a hike in council tax for rich homeowners in the capital. 

Speaking at a Communities and Local Government select committee yesterday, Johnson said: “If you compared what a Russian oligarch is paying on his stuccoed schloss in annual council tax compared to what such a gentleman might be asked to pay in Paris or New York or anywhere else, it is quite stunning the difference. No one has yet quite grasped that.”

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Readers' comments (2)

  • BJ talks a bit of sense.
    Rent for the commercial unit - £55000.00 RATES - £37500.00.............
    Councils got us by our...

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  • Ian Middleton

    I'm of course with him on the opening statement. Not quite sure what he's babbling on about Russian oligarchs at the end for though

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