Budget

Chancellor unveils biggest single-year rates cut in over 30 years

Amongst other measures unveiled by the chancellor, Sunak confirmed that the national minimum wage is set to rise for the second time this year by 6.6% to £9.50

Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to £110,000), equating to a business tax cut worth £1.7bn, the biggest single-year rates cut for firms in over 30 years.

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