UK press report on Hammond to scrap plans to raise business rate tax by 3.9%

UK Times reports on Chancellor of the Exchequer Philip Hammond’s budget due this month

  • Said to scrap plans to raise business rate tax by 3.9% in April (2018)

The rate rise is currently pegged to August’s figure on the retail prices index of inflation … but Hammond says no … (apparently)—The Times is gated, but in brief:

  • The 2018 rise is currently pegged to the retail prices index
  • Hammond is said to be now opting for a CPI-linked increase

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