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<p>Business rates raise £25 billion in England annually, and are an important source
of funding for key local services.</p><p> </p><p>The Government concluded a fundamental
review of business rates in 2016. Some respondents suggested alternative taxes, but
there was no consensus and respondents were clear that these alternatives were not
without their own issues.</p><p> </p><p>Respondents agreed that property based taxes
were easy to collect, difficult to avoid, stable and clearly linked with local authority
spending. Following stakeholder responses, the Government decided to keep business
rates as a property tax.</p><p> </p><p>To support the high street, at Budget 2018
the Government announced Our Plan for the High Street – a package of support worth
£1.6 billion.</p>
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