In RBKC foreign speculators have forced commercial property prices through the roof. So small shopkeepers renting hugely valuable property are not only forced to pay high rents, but massive business rates as well.
Yet high property values do not result in higher income for small business owners.
On the contrary, K & C's uber-gentrification has resulted in fewer residents spending only in the most fashionable, high-end stores.
On average small local businesses across RBKC must now pay another 25% business rates on already high rent bills and on top of other rising costs.
At the same time, there is ever more unfair competition from online retail paying little or nothing in business rates or other expenses.
Across the Royal Borough, this hike in business rates will cause hundreds of small businesses to close.
From Portobello Road to Knightsbridge our remaining small, specialist, privately owned shops and restaurants will disappear.
Innovation will be gone, replaced by yet more chains.
Hundreds of small landlords will lose their income: while being forced to pay the business rates on their empty shops.
Please sign this PETITION to a Government which talks the talk but won't walk the walk when it comes to encouraging small business.
No wonder some of our high streets look like war zones.
Also, vent your anger by writing to the following:
For Philip Hammond: <public.enquiries@hmtreasury.
For the Mayor of London Sadiq Khan: <firstname.lastname@example.org>
For Theresa May: <email@example.com>
For Victoria Borwick MP: <victoria.borwick.mp@
There’s also a Parliamentary petition: petition.parliament.uk/