On behalf of CPA and WPA members, London Property Alliance has submitted its representations to Chancellor of the Exchequer, Rt. Hon. Rachel Reeves MP, ahead of the Autumn Budget on 30 October 2024.
In the submission, the Alliance calls for the creation of a dedicated capital grant scheme to support the funding of retrofit measures across residential and commercial buildings. Our key asks include:
1. Ring-fence income for planning departments to ensure the recruitment and retention of planners needed to support development.
2. Extend Business Rates (NNDR) relief via sector-specific multipliers for retail and hospitality businesses beyond 2025 to help support shops and pubs.
3. Consider an Online Sales Tax (OST) as part of the NNDR review to provide a fairer system for bricks and mortar retail and to protect our high streets.
4. Further fiscal devolution for London to align it with other metropolitan areas, enabling it to plan and deliver over the longer-term.
5. Provide a long-term sustainable funding framework for Transport for London as improved connectivity is proven to drive economic activity.
6. Undertake a comprehensive, independent assessment of the full impact of ending tax-free shopping for international visitors.
7. Provide tax incentives and grant funding to support public /private partnership, and a more sustainable built environment.
