07 February 2012

Economics Fail

From the BBC:
The British Retail Consortium (BRC) described vacancy rates as "worryingly high" in many parts of the country and called on the government to reduce business rates, which are set to rise by 5.6% in April.
Reducing business rates is more likely to increase vacancy than reduce it, as it makes it less costly for somebody to hold on to an empty building.

3 comments:

Mark Wadsworth said...

Yup, there's hard evidence to support that as well.

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