in Regeneration

Businesses vote for more tax?

The Garrett Business Park Business Improvement District (BID) vote was counted yesterday.  One of the powers a BID has is to charge an extra levy on business rates to be invested within the district.

The proposal came about after a lot of hard work from the business association and Angela Graham, one of the local councillors.  Having visited the business park I could see why they wanted the BID to help them invest in the crumbling roads they had to use, so wasn’t surprised when the vote was successful.

However, I was astounded by the margin of victory for the ‘yes’ vote – a 68% turnout with a 90% yes vote.  These are businesses, facing recession, voting for more taxation!

But, of course, what they have actually voted for is the right – for the first time – to see their business rates benefiting them.  Up until now they’ve been paying into the national pot which is unfairly distributed to Labour’s friends in the north.

It’s a fairly common complaint I hear from businesses that business rates keep going up – and I have to explain that although the government makes Wandsworth collect them we don’t get to set them.  It’s a ridiculous situation that really needs to be changed.  Here in Wandsworth we give residents low council tax and excellent services, we should be allowed to offer the same to businesses.

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