Budget 2020: Rates scrapped for shops and cafes

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Tens of thousands of retail, leisure and hospitality sector firms will not pay any business rates this year, the chancellor has announced in the Budget.

Companies with a rateable value of less than £51,000 will be eligible for the tax holiday, Rishi Sunak said.

The measure applies to firms including shops, cinemas, restaurants and hotels.

It is part of a package of…

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