Not only that, but the small business rates multiplier has also been frozen for the next year. RHL was introduced in the wake of the pandemic, currently offering seventy-five percent off business rates for eligible businesses. Fears around scrapping or reducing this generous relief ran rampant for months before the autumn statement. This decision – to not also freeze the standard multiplier – came as a great disappointment for many business rates payers. What the autumn statement gave us were short-term fixes; most of them are not sustainable in the long-term.

Source: The Guardian November 23, 2023 17:12 UTC