Battersea power station lights the way for regenerating our high streets
Mixed-use development, funded by private capital like Battersea Power Station can bring life back to high streets hammered by Labour’s tax rises, says Jamila Robertson
Tomorrow marks the first anniversary of Labour’s landslide victory and their year-long opportunity to attain the growth they promised the electorate.
I have written extensively about the damage decisions made at the Autumn Budget have done: with growth halved by the OBR and downgraded by the OECD; thousands of jobs cut across multiple sectors; 1m more people on Universal Credit; unemployment up by 10 per cent; and a millionaire leaving the country every 45 minutes.
The reasons for this are well-rehearsed: government decisions to increase the national minimum wage, increase employer National Insurance Contributions, impose a bridling employment rights bill and paralyse farmers and family firms through the removal of IHT relief. But one tax change that has been perhaps overlooked is the decision to cut business rates relief from 75 per cent to 40 per........
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