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Worried about the High Street?
The Sun newspaper says there may be help at hand in the forthcoming Budget. It has a story that Phillip Hammond is planning to cut business rates, one of the costs frequently cited as troublesome to retailers. The Sun says he is considering a £1.4bn tax cut for 235,00 small businesses by raising the £12,000 threshold, based on the rent the property could be let for, at which firms start paying business rates.
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