There has been much discussion over the last 6 months as to whether the UK business rates system is out of date. In the Morgan Pryce office we quickly came to the conclusion the UK rating system was out of date and was having a strong negative impact on businesses, especially in London. Ollie Salter a surveyor at Morgan Pryce thinks, “Any system that was created in the 16th century which has remained relatively unchanged for 600 years clearly needs to be updated.