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<p>Since Budget 2016 the Government has introduced a range of business rates measures
in England, worth over £13 billion over the next five years. These include doubling
Small Business Rate Relief from 50 per cent to 100 per cent for eligible businesses
and raising the threshold for 100 per cent relief from £6,000 to £12,000. As a result,
over 655,000 small businesses –a third of all rateable properties – pay no business
rates at all. We have also switched the annual indexation of business rates from the
retail price index to the consumer price index, representing a cut in business rates
every year. Switching to CPI will help all ratepayers and save them over £6 billion
over the next five years. The retail discount announced at the Budget provides eligible
retailers with a third off their bills for two years from April 2019.</p>
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