Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Moray firms “crucified” by rates rises warn of abandoned venues

Post Thumbnail

Moray traders have warned the area could become overrun with abandoned pubs and hotels as “crucifying” business rate rises will force firms into closure.

The tax increases, which will come into effect in April, will leave some companies in the area paying more than 200% extra than they do now.

The owner of Lossiemouth’s Stotfield Hotel said he may have to close down when his lease expires in three years, while the manager of the town’s Beach Bar fears he may be bankrupt “by Christmas”.

The independent assessor responsible for working out new rates across the Grampian area admitted that “somebody needs to pick up the ball” to help the worst-hit hotels, pubs, shops and restaurants.

And the chairman of the Moray Economic Partnership group, John Cowe, pleaded for SNP ministers to save firms being pushed to the brink.

Beach Bar owner, Graham Fleming, will go from paying £13,500 to £42,000 each year under the new system.

Mr Fleming put £120,000 into expanding the business by creating a viewing room looking out onto the Moray Firth last year, and says he now feels “punished” for it.

He added: “The way it’s going I won’t be here in six or nine months, I could be bankrupt by Christmas.

“I feel like I am on a sinking ship, I can’t find 200% more money to cover this rise.

“I own a lounge bar, but my rates are going up more than nearby hotels. There doesn’t seem to be any fairness to this.”

And the man in charge of the town’s Stotfield Hotel, Malcolm Edwards, said his bill will soon spiral from £34,000 to £72,000.

He revealed that the grand building – which he has spent thousands sprucing up – may be left to rot if he has to give it up.

Mr Edwards said: “We have the building leased for the next three years, but were hoping to buy it after that.

“Now our future is very uncertain, this has put a spoke in the wheel.

“We don’t want to walk away, but might have to.

“If we can’t continue it, I imagine the building would be left vacant – which would be a real shame.”

Chairman of the Moray Economic Partnership group, John Cowe, added: “In Moray, there is a factor of 10 businesses whose rates are going up, compared to those having them decreased.

“These firms are being crucified by a Scottish Government situation, which the ministers responsible must act to resolve.”

Scores of concerned traders packed into Elgin’s Sunninghill Hotel for a emergency summit arranged by the Moray Chamber of Commerce last week.

Its chief executive, Sarah Medcraf, said the issue had caused “a lot of anger and upset” among traders.

And dozens of angry business owners tackled the surveyor responsible for deciding the value of their premises.

Rates assessor for the Grampian area, Ian Milton, explained to them that the increases are based on venues’ “hypothetical achievable turnover”.

Mr Milton said: “The new rates aren’t based on what they were before, this is pressing the reset button for a completely fresh start.

“Values have been pegged at 2010 levels, and there is a greater potential for turbulence the longer the gap between valuations is.

“I could see very early on in this exercise that values are rising considerably in the north-east.

“I can definitely see there is an issue here, and have to ask who is going to pick up that ball and take it on.”

The Scottish Government has stressed that its new system will mean that more than half of Scotland’s businesses will pay no rates at all as of April.

And a spokeswoman maintained that significant sums would be available to help those businesses worst affected.

She added: “The total package of reliefs we are offering will increase to more than £600million.”