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Business rates to be slashed if elected, Labour says

Business rates to be slashed if elected, Labour says

The NFRN has welcomed the Labour party’s announcement of proposed plans to scrap business rates if successful at next election.  

This statement follows Shadow Chancellor Rachel Reeves announcement on Sunday stating the party will also cut all business rates if they are to successfully win the next election. Labour says business rates will be cut and eventually scrapped to be replaced with a new, fairer system of business taxation.