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.”

Want more? Follow us on LinkedIn

Now read:

London is second most expensive city for companies to locate employees