Builders dismiss plans to cut increase in business rates

"Business rates are linked to RPI inflation which is currently at zero, therefore the Chancellor should not have considered anything other than a freeze.

"There is even a case for a reduction in business rates as RPI moves into negative territory in the coming months.

"It almost seems that the Chancellor doesn’t understand how bad conditions are for businesses. He must abandon any thought of a business rate increase until conditions improve significantly.

"It is also vital that the Chancellor reintroduces full business rate relief on empty properties before his current policy condemns them to demolition by those who cannot pay his bills."

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