Forum’s Budget submission calls for action on Business Rates

The Forum of Private Business has urged the Chancellor to scrap a planned rise in business rates as part of its annual Budget submission. The Forum makes the call after its own research recently identified rates as the least favourite of all business taxes, with 94% of firms believing they have spiralled too high. The employer support organisation has blamed the tax’s link with inflation – which last year saw a huge 5.6% hike on bills – and has asked the Chancellor to consider capping any subsequent rises for the following two years at 2%. With traditional lending remaining weak,

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