Rising inflation to slap businesses with extra £1.1bn rates bill next year

high street london brc business rates shopping

Surging inflation in September has left retail and hospitality businesses facing a £1.1bn increase in business rates in England from April 2027.

The latest Consumer Price Index from the Office for National Statistics (ONS) published today (October 21) showed inflation standing at 3.5% in September 2026, up from 3.1% in August.

 

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