Viewpoint: We must help hard working businesses facing rent increase

PUBLISHED: 08:00 11 August 2018


I’m deeply concerned about the corporate rent rises the government have imposed on local businesses that occupy the Network Rail arches.

The Network Rail estate, which includes over 5,500 commercial premises are due to be sold off later this year to a private investor. Hundreds of businesses occupying the arches have experienced sky-rocketing rents ahead of the sale, with some businesses facing rent increases of up to 350 per cent.

It’s appalling to see so many hard-working businesses in Tower Hamlets struggling with extortionate rent rises, which are forcing them to relocate or close.

Small businesses are the backbone of our local economy, the cornerstones of our communities and should be supported by the Government, rather than being forced out of business due to rising costs. With Mayor Biggs, I will be campaigning for Network Rail to think again and ensure the sale of its commercial premises do not damage small businesses who contribute to our economy.

Latest East London News Stories

The Mayor of Tower Hamlets has announced a package of ‘tackling poverty innovation grants’ worth £200,000 for new programmes by community and voluntary groups in the borough.

Commuters are facing severe delays on the Jubilee line this morning following a signal failure.

A woman had her phone and cash stolen after being duped into letting someone into her home.

Yesterday, 16:58

A Bangla music festival has released details of its lineup.

Yesterday, 16:51

A man has been rushed to hospital after being rescued from a dock on the Isle of Dogs.

Yesterday, 15:05

Victoria Park has been voted one of the top 10 parks in the UK.

Yesterday, 11:30

A ‘dangerous’ drug dealer who kept a loaded gun on top of a wardrobe has been jailed for eight years.

Yesterday, 07:00

The mayor of Tower Hamlets recognised people who’ve been trained to tackle discrimination.


Are you a landlord looking for a fixed rental income, paid whether the property is empty or not? Steve Westley, general manager at estate agents Elliot Leigh, explains their Guaranteed Rent Scheme and how it takes the stress out of letting your property.

Newsletter Sign Up

East London Advertiser twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read news

Show Job Lists

Digital Edition


Enjoy the
Docklands and East London Advertiser
e-edition today


Education and Training


Read the
Education and Training
e-edition today

Read Now