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West Oxfordshire business rates double since 2021, straining shops and raising job concerns.
Business rates in west Oxfordshire are soaring, projected to hit £66.2 million in 2024-25, more than double the 2021-22 level, due to a 2023 revaluation and rising costs.
Local businesses, already strained by higher national insurance, minimum wages, energy bills, and declining foot traffic, are struggling, with several shops closing.
Leaders say tax revenues aren’t translating into visible benefits, and concerns grow over workforce shortages and potential government rate hikes that could impact hundreds of stores and tens of thousands of jobs.
Local officials urge reinvestment in high streets and small businesses to support economic recovery.
Las tasas de negocios de West Oxfordshire se han duplicado desde 2021, presionando a las tiendas y generando preocupaciones sobre el empleo.