The Financial Times has reported that Rishi Sunak will today announce he is delaying until later this year a final report on a review of business rates. It’s expected he will argue that postponing the report to the autumn will allow him to make decisions when the economic uncertainty caused by the pandemic has receded.
Sunak is also expected to announce in the Budget next month an extension of the year-long business rates holiday for retail, hospitality and leisure. The exemption had been due to expire on 31st March.
The furlough scheme, which was due to end by April, is expected to be extended into the summer before being phased out.
The full article is below for reference.
Sunak delays business rates review until autumn – FinancialTimes
Rishi Sunak will on Friday announce he is delaying until later this year a final report on a review of business rates — a key part of his promise to “level the playing field” between the high street and online retailers.
The chancellor will argue that postponing the report, which will consider the case for an online sales tax, to the autumn will allow him to make decisions when the economic uncertainty caused by the pandemic has receded.Extract taken from the Financial Times