British retailers hit by another business rate blow

The increase could see businesses forced to pay over £180m in controversial payments after inflation dropped by 2.4%

Retailers could be hit with an extra £186m in business rates after today’s Consumer Price Index (CPI) showed inflation dropped by 2.4% down from 2.7% in August.

The figures come in lower than the predicted (2.6% fro September) and show the lowest level since June.

Business rates are calculated by local councils by multiplying the rateable value of your property by a multiplier, which has increased for 2018-2019 to 49.3p from 47.9p in the previous year.

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