‘We will see what the future holds’ – Wanstead greengrocer on business rate cap

Harveys Fruit and Vegetable shop on Wanstead High Street. Owner Selcuk Kandemir. Picture by Ellie Ho

Harveys Fruit and Vegetable shop on Wanstead High Street. Owner Selcuk Kandemir. Picture by Ellie Hoskins - Credit: Archant

Independent businesses have reacted nervously across the borough to the rise in business rates, despite the chancellor pledging more relief on those “hardest hit”.

Harveys Fruit and Vegetable shop on Wanstead High Street. Employee Guray Marhmard. Picture by Ellie

Harveys Fruit and Vegetable shop on Wanstead High Street. Employee Guray Marhmard. Picture by Ellie Hoskins - Credit: Archant

Every company which has lost rate relief will see a cap placed upon the amount they have to pay.

Chancellor Philip Hammond, as part of the spring Budget, promised that their bill would not increase by more than £50 a month. Sinan Ereur, manager of Harveys greengrocers, High Street, Wanstead, welcomed the move but was dubious about what the future holds.

“I am pleased with the cap. It will be £2,500 less but the figure is still too high,” he said.

“Rents are going up, rates are going up – we will see in the future what that will mean for us.”

Harveys Fruit and Vegetable shop on Wanstead High Street. Picture by Ellie Hoskins

Harveys Fruit and Vegetable shop on Wanstead High Street. Picture by Ellie Hoskins - Credit: Archant


You may also want to watch:


With large corporations evading millions of pounds of tax, Mr Ereur said it was difficult times for small businesses.

As part of the plan to help smaller companies, local authorities will be given money to grant to shops, pubs and cafes who face an increase in rate.

Most Read

The property levy on businesses generates £25billion a year.

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter