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  • All Topics
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    • Home Office
    • Human Resources (HR)
    • Hybrid Work
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    • PropTech
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  • Business
    Flexible Work and Investment in ESG are Driving Profitability for this Global Brand

    Flexible Work and Investment in ESG are Driving Profitability for this Global Brand

    Disney’s Imagination Has Failed

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  • Marketing
    Instagram GenZ

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    Designing Leadership Spaces for Hybrid Work

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    Resources And Tips To Harness The Power Of Interior Design For Environmental Impact — And Employee Retention

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    Designing Human Centric Workplaces Is Key To Hybrid Program Success

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    2023 Future Of Work Forecast: Designing Offices For Evolving Workforce Needs

    2023 Future Of Work Forecast: Office Design Is Ever-Evolving; Here Are 5 Trends For 2023

  • Work-life
    5 Brain-Boosting Snacks To Power Your Work Day

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    City-sized Buildings Are On The Way. How Will The Line Change The Future Of Work?

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    San Francisco Skyline

    The Future of Commercial Real Estate in San Francisco Doesn’t Look Good

    3 Things CRE Players Must Do To Stay Relevant In 2023

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    The Office Space Sector Is Projected To See A Strong Fourth Quarter In 2022

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    Meet Flex Space More Chaotic Cousin Gray Spaces

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    The Future Of Our Offices And Our Planet Hinges On The Real Estate Industry Priorities

    The Future Of Our Offices — And Our Planet — Hinges On The Real Estate Industry’s Priorities

    JLL New Future Of Work Survey The Next Few Years Are Crucial For Commercial Real Estate (2)

    JLL’s New Future Of Work Survey: The Next Few Years Are Crucial For Commercial Real Estate

    What Is The Impact Of Hybrid Working On Space Optimization

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    What Can We Expect For The Future Of Office Occupancy?

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  • Coworking
    Revive Your Coworking Space With A Wellness Program

    Revive Your Coworking Space With A Wellness Program

    How To Apply For Digital Nomad Visas In 4 Idyllic Work Destinations

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    I'm an Independent Coworking Center Operator Thriving in a City with 9 WeWorks

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    Data Tracking Software Gives Coworking Operators Competitive Advantage

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    The Story Behind WeWork’s Failed Locations

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    What Is An “Open” Coworking Space? 

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    The Pandemic’s Lasting Impact on the Future of Coworking

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    Nurture Skills To Retain Employees

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    The Four Horsemen of the Mandated Return to Office

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    Indeed & Glassdoor Economists Predict Continued Hiring Challenges

    Indeed & Glassdoor Economists Predict Continued Hiring Challenges

    Will Remote Work Be A Mandated Right In The Future Of Work?

    Will Remote Work Be A Mandated Right In The Future Of Work?

    Why It’s Time to Retire the Term Hybrid Work

    Why It’s Time to Retire the Term “Hybrid Work”

    Reverse Mentoring: The Benefits Of Learning From Your Employees

    Reverse Mentoring: The Benefits Of Learning From Your Employees

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Home Daily Digest

Commercial Property Groups Request To Extend Business Rates Holiday

by Aayat Ali
May 5, 2020
in Daily Digest
Reading Time: 1 min read
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Over 50 commercial property groups are requesting that the UK government extends the business rates holiday to the entire economy to help companies avoid bankruptcy.

Firms such as IWG, Workspace and many others are writing a letter to chancellor Rishi Sunak, stating that without the holiday, “businesses, jobs and livelihoods” risk being lost.

“Anxiety levels are at an all-time high. In the absence of relief there will be job cuts and businesses will go to the wall,” said Luke Philpott, joint chief executive of DeVono Cresa, an adviser to tenants in office buildings.

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The UK government has waived rates for thousands of businesses in the retail, leisure and hospitality sectors, but flexible office firms are still required to pay despite taking a major hit from the pandemic.

According to John Spencer, chief executive of Landmark, business rates are equivalent to about 40% to 45% of an office operators rental income, which has plummeted over the past few months due to millions of people working from home.

Tags: daily_digest
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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