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Press Release

PRE-BUDGET REPORT - PLANNING GAIN SUPPLEMENTS

5 December 2005

BRC, Director General, Kevin Hawkins, says:

“Planning Gain Supplements (PGS) will be a significant barrier to growth in the economy. The Government has failed to take advice from industry experts and has now announced a public consultation, which is clearly not needed as the entire industry has already stated that a PGS will compromise the viability of development in the UK.

“Many retail development schemes, particularly those in areas of re-generation, will now be at risk and may threaten the valuable contributions made by retailers to the local community.

“Previous governments have tried on a numerous occasions to implement PGS but without any success.

“Administering the scheme is likely to be costly and complex and will only add to the burden of already overstretched Revenue or district valuation officials.”



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British Retail Consortium

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