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Chancellor set to give £300m tax cut to deprived towns

Chancellor Philip Hammond is reported to be considering a £300m tax cut for shops in Britain’s most deprived town centres in a bid to help the high street.

The measure could be introduced from next April and is being “actively considered” by government ministers, This Is Money said.

The British Retail Consortium has been lobbying Hammond to address the “unsustainable burden” of business rates in his autumn Budget on 29 October.

Readers' comments (1)

  • Waste of time, waste of money. Throwing cash at 'Deprived Towns' will not make a shred of difference - they will still be deprived. So what's the point?

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