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<p>At the Autumn Statement 2022, the Government announced a freeze to the business
rates multiplier for 2023-24, a tax cut worth £9.3 billion over the next five years.
This was the third consecutive year the multiplier has been frozen, protecting businesses
from inflationary pressures at an overall cost of £14.5 billion.</p><p> </p><p>Business
rates are an essential form of funding for local government to provide vital public
services.</p><p> </p><p>The Government keeps all taxes under review.</p>
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