Tuesday, August 4, 2009

1100 Hrs GMT 1200 Hrs UK time London Tuesday 4 August 2009: KHOODEELAAR! Told you so! That Big Business has got the 'mayor' by his Borises!

1100 Hrs GMT 1200 Hrs UK time London Tuesday 4 August 2009:

KHOODEELAAR! Told you so! That Big Business has got the occupant of the ‘Onion’ in London SE1 by the Borises! Why else would the current incuymbent in that increasingly discredited office play pathetic second fiddles to the secret, vicious, lobby that says that all else may suffer but CRASSrail must be paid for.. Through the noses of people including medium sized businesses! Boris Johnson is being hyped up just as Ken Livingstone had been.. And the unreal, unjustified and the unsubstantiated hyping cannot be doing the cause of ordinary people in London any good at all…

Strong opposition predicted to Mayors 2% Crossrail levyAugust 2nd, 2009


http://www.choregus.co.uk/servicedoffice-blog/strong-opposition-predicted-to-mayors-2-crossrail-levy-3054.html

by Simon Rattray

The Crossrail project will receive funding from a 2% levy on business rates, paid by those in buildings that have an assessed value of £50,000 or more. The new plan was disclosed last week by London Mayor, Boris Johnson.

The new levy will come into force in April and affect around one fifth of business premises in London.

The Mayor said large businesses in London would benefit from “playing their part” in the future investment of London.

The rail link will cost £15.9 billion and is due to be completed in 2017. Its aim is to reduce congestion in the City and create faster commuter times. Of the £15.9 billion project total, the GLA is to contribute £4.1 billion, which it will raise from this new levy.


Companies which operate in a building with a value of over £1 million would be responsible for up to 33% of the total levy collected, it was estimated.

Given that commercial property taxes are already due to rise in April, and London will see higher rises than in any other part of the UK, this levy is highly controversial.

BRC Director General Stephen Robinson said retailers would not recoup the money they would be forced to pay out and that there would be strong opposition to the proposed levy.



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