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Around 400 independent retailers will see higher business rates bills after the government ended Covid-era relief and began a revaluation. The Booksellers Association said the changes coincide with the National Year of Reading campaign.
bbc.co.ukIndependent bookshop owners in England and Wales face an average annual rates bill increase of £4,563, according to new analysis reported by GB News. The rise affects roughly 400 retailers and follows the removal of temporary Covid relief measures plus an ongoing government revaluation of business rates.
One shop reported its rates bill jumped £3,461 in April, requiring the sale of an additional 1,141 books each year to cover the difference. The Booksellers Association said members expressed frustration that the increases occurred during the National Year of Reading, a literacy promotion effort.
Shop owner statements Padstow Bookseller manager Dan Johns told the Mail on Sunday the business faces pressure from multiple cost increases, including National Insurance Contributions, business rates, and wages. He noted that the St Ives Bookseller location saw its rates bill rise 60 percent.
Dan Johns said the firm had felt more optimistic two years earlier but that conditions changed after Labour took office. He added that independent shops supply personal expertise that online retailers do not provide, though higher costs have made hiring additional staff more difficult.
Industry group and government responses Booksellers Association representative Laura McCormack said rising expenses could limit shops' ability to benefit from renewed interest in reading driven by social media. She noted that the number of independent bookshops had grown since 2016 but warned the recovery remains fragile.
A Treasury spokesman stated the government has an economic plan that includes a £4.3 billion support package to limit bill increases for High Street firms. The spokesman said the plan reforms business rates while backing small businesses. Shadow Chancellor Sir Mel Stride said Labour's policy adds thousands of pounds in extra rates to bookshops and that a Conservative government would abolish business rates for thousands of High Street shops and pubs.
Research from the Centre for Economics and Business Research projected that business rate receipts from England's independent bookshops will rise from £4.1 million to more than £6 million by 2030.
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