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Minister moots business rates changes

Business rates could be set to change in a bid to help struggling high street retailers, business secretary Greg Clark has told the BBC.

Clark told the Conservative Party conference that adjusting business rates will be one way that the government can recognise the importance of high streets, the BBC reported.

A Treasury review of business rates is ongoing, but Clark noted that high streets should be recognised for the contribution they make to communities.

“Business rates will be one way of doing that,” he said, but did not give any further indication of proposed changes.

Business rates have proved controversial for the burden they place on physical retailers, and there has been a great deal of campaigning for changes to the current system. Last month, the British Independent Retailers Association (Bira) launched a business rates manifesto in parliament, which called for changes to the government’s approach to the tax to ease pressure on small retailers.

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