UK retailers to get business rates reprieve at Budget

Rachel Reeves at UK-EU summit, May 2025

Source: Number 10

UK retailers are set to escape being whacked with a higher business rates tax band at the coming budget, after the sector said higher charges would drive further inflation for customers.

Chancellor Rachel Reeves is reportedly set to bow to retail industry pressure, spearheaded by the grocers, by removing the sector from the top band of business rates, according to reporting by the FT.

 

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