Budget 2024 – Statements surrounding increase in multiplier hide the wider issue
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Speaking at the House of Commons yesterday (6 March 2024) chancellor Jeremy Hunt overlooked calls to reverse his decision — made in his 2023 Autumn Budget — to raise the standard multiplier for business rates by September’s CPI inflation figure of 6.7%, from 51.2p to 54.6p from April 2024. The decision prompted outcry from […]