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Retailers hope for business rates action in Budget

Retailers will be eagerly watching chancellor Philip Hammond later today to see if he will tackle business rates when he announces his autumn Budget.

Hammond is set to map out his vision to get Britain ‘fit for the future’ at 12.30pm and is expected to announce plans to inject hundreds of millions more into the NHS, offer cheaper rail travel and increase housebuilding.

However, it is changes to the business rates system that will be the top priority for many independent and multiple retailers. Voices from across the industry, including retail consultant Mary Portas, the British Retail Consortium and property organisation Revo have all urged the government to do more to help retailers with business rates.

Find out what is announced for retailers in today’s Budget by visiting Drapersonline as the speech gets underway.

Readers' comments (1)

  • Even if Business rates are made 'more favourable', it won't change anything, as the way many Clothing stores are run, both Multiple and Indie - are fundamentally flawed and no amount of business rate reduction can change that.

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