Episode

Are business rates 'killing the high street'?

Podcast
IFS Zooms In: The Economy
Published
Aug 27, 2026
Duration seconds
2945
Processing state
not_requested
Canonical source
https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts
Audio
https://sphinx.acast.com/p/open/s/5ea004d9fbcc383829c71657/e/6a9038117ee847ae7278ca07/media.mp3
JSON
/v1/public/podcasts/ifs-zooms-in-the-economy-638796/episodes/are-business-rates-killing-the-high-street
Markdown
/podcast/ifs-zooms-in-the-economy-638796/are-business-rates-killing-the-high-street.md

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Summary

Business rates have long been blamed for the decline of Britain’s high streets. Shops and pubs face large bills, while online retailers can operate from cheaper out-of-town warehouses. So surely cutting business rates would help? Not necessarily. Helen Miller is joined by IFS tax expert Stuart Adam and Observer economics editor Ben Zaranko to explain why business rates are widely misunderstood. They discuss who really bears the cost of the tax, why cutting rates could simply lead to higher rents, whether pubs and high streets deserve special treatment, and how a growing patchwork of reliefs and exemptions has made the system increasingly complicated. They also ask what is actually wrong with business rates - and why taxing land rather than the buildings sitting on it might offer a better solution. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information.