fromLondon Business News | Londonlovesbusiness.com
1 week agoChancellor's 'lowest tax rates since 1991' claim debunked
Reeves told MPs she would introduce "lowest tax rates since 1991" for the high street using "tax rates" in the plural but only one of the new multipliers is even close to the level seen in 1991 which will apply to only the smallest properties with much higher effective tax rates for the rest of the high street. The Chancellor's comparison hinges on the new 38.2p multiplier for Retail, Hospitality and Leisure (RHL) properties with a rateable value between £12,000 and £51,000.
UK politics