Business rates to increase £1.7bn in 2024

HM Treasury

Retail businesses will have to find an extra £1.7bn next year to pay for business rates, in line with September’s 6.7% rate of inflation.

Alongside a rise in business rates in line with inflation, retail, leisure and hospitality businesses could face even more pain next year as the post-Covid support scheme is due to come to an end.

 

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