Business rates in London are set to increase by 9.5 three billion pounds over the next five years according to new research. 

The governments decision to reform business tax rates is having the largest effect in Islington, which will see an increase of twenty seven percent from April next year. The City of London is also facing a large rise of twenty five percent.

Tax rates have not been re-evaluated for the last seven years but now businesses are being given just six months to prepare for the changes but have been advised to check their tax assessment, as they may be eligible for appeals.