Retail bodies say over 100,000 jobs at risk if chancellor hikes business rates

Chancellor Budget red box 1

Source: HM Treasury

Over 100,000 jobs could be at risk if chancellor Rachel Reeves imposes higher business rates, the British Retail Consortium and UK Hospitality have said.

The proposed overhaul of business rates due to come in next April will see companies with bigger properties face a hike in levies to subsidise the cost for smaller ones.

 

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