|
answer text |
<p>The government recognises that business rates represent a fixed cost which can
be more burdensome during times of economic difficulty, particularly for small businesses.</p><p>
</p><p>This is why, at Autumn Statement 2014, the Chancellor announced a £1 billion
package of business rates support measures, with a focus on small businesses.</p><p>
</p><p>This package included doubling the Small Business Rate Relief scheme until
April 2016 supporting 575,000 businesses operating from single small properties.</p><p>
</p><p>The impact of business rates on the smallest businesses is also one of the
issues that will be considered under the fundamental review of the business rates
system which the Chancellor launched in March 2015 and is due to report by the end
of 2015.</p>
|
|