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What are business rates?
Business rates are a tax paid by businesses on properties like shops, offices, and factories. Councils collect them and use the money for local services. The amount you pay depends on the property's 'rateable value'. The Prime Minister's hint about extending relief could mean some businesses pay less, potentially helping them stay open and keep prices stable.
Stories that explain this
Prime Minister Andy Burnham visits Devon to hear from small businesses Iceland supermarket boss tells the Chancellor to cut business taxes for employers Authors: Bookshops need pub-like tax cuts to sell 1,141 more booksRelated explainers
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