GL Hearn Response to Spending Review 2020

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Richard Williamson, the National Head of Rating for real estate consultancy GL Hearn, has written a thorough response to the recently announced 2020 Spending Review.

It is of particular interest as GL Hearn are involved in the strategic discussions currently taking place. 

Highlights include:

  • Government’s final report following the fundamental review of business rates will only be published in Spring 2021
  • A modernisation of the Valuation Office Agency (VOA) to improve efficiency & flexibility
  • Meetings between the VOA & ratepayer representatives are ongoing regarding the high number of COVID-19 Material Change of Circumstances (MCC) Checks leading to a Challenge in relation to seeking a reduction in rateable value.

Read more below.