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CBI boss calls for business rates reform

The president of the Confederation of British Industry (CBI) has warned that business rates risks creating “regional inequalities”, calling for reform.

According to The Times, John Allan, who is also chairman of Tesco, is set to tell business leaders that revaluations of properties are not frequent enough to keep pace with economic cycles.

This means that in some areas businesses are being hit with high business rates, despite experiencing economic downturns.

Allan is set to call the system “uneconomical, unsustainable and, frankly, unintelligible”, as he calls for reform.

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