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<p>A £3.6 billion transitional relief scheme will provide support for the minority
of properties which face an increase in rates as a result of the 2017 revaluation.</p><p>My
Department is working closely with the Treasury to determine how best to provide further
support to businesses facing the steepest increases. We expect to be in a position
to make an announcement on this at the Budget, in just two weeks.</p><p>At Budget
2016, the Government announced a £6.7 billion package of business rate cuts. This
included the doubling of small business rate relief and an increase in the thresholds
for relief. As a result, 600,000 small businesses, including eligible licensed premises,
will pay no rates at all.</p>
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