We continue to see a lot of debate about the changing face of the High Street and the pressure being put on the independent retailers who actually help to maintain a degree of individuality to the High Streets around the country.
With many of these independent retailers family owned businesses there has to be increasing concern in property hot spots that these increases could quite easily be the 'straw that breaks the camels back' so to speak.
Costs are escalating, margins eroded and with more people shopping on line we are at risk of becoming a nation with High Streets dominated by coffee shops and estate agents. The changes being introduced are meteoric in some Boroughs and could be the difference between survival and failure.
Independent retailers need support to help to keep the unique sense of British community in the High Street that everyone loves but if you happen to be a family firm in the wrong place, and now at the wrong time, the changes in rates could be devastating.
As a nation we should be concerned at the impact these changes could have and the long term effect that they will have on the look of the High Street in generations to come.
Thousands of firms in England and Wales are set to see dramatic changes to the amount they pay in business rates, after the government publishes the new "rateable values" of their properties on Friday. Soaring property values in parts of London and the South East over the past few years mean that business rates there will be much higher. The way the changes will be introduced - with a cap on how much bills can rise or fall over the next few years - will help cushion the transition; so for many companies rates won't change as dramatically as they would have otherwise. But it is still being described as "the largest changes to business rates ... in a generation" by John Webber of real estate firm Colliers International.