Supermarkets at risk of closing as a result of business rates rise
More than 100 supermarkets run by big grocers could shut because of government plans to increase business rates, piling futher costs on the industry.
The government intends to increase business rates on properities with a rateable value above £500,000, which would equate to the top 1% of retail stores. The ambition is that the change would allow a rate reduction for smaller retailers and hospitality companies.
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