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Chancellor plans High Street rates relief

Chancellor Philip Hammond is set to announce a £1.5bn boost to small High Street UK retailers in the Budget.
The financial package will include £900m in business rates relief for nearly 500,000 small businesses and a pot of £650m to rejuvenate high streets and their transport links.
Planning rules will also be eased to allow home-building on empty sites.
In one example, a pub in Sheffield with a rateable value of £37,750 will save £6,178 in business rates next year.
A newsagent in Birmingham with a rateable value of £14,250 will save £1,749.
Business groups welcomed the plans but Labour said the rates relief did not go far enough.
The Treasury said its new business rates relief, targeted at small retailers, could knock a third off their bills and that 90% of them would benefit from the proposals.
To qualify as a small retailer, business premises must have a rateable value of £51,000 or less.

https://www.bbc.co.uk/news/business-45998550
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