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The hidden labour cost looming for thousands of UK businesses

There are fears that business rates payments increasing could be the final straw for some



UK businesses, especially in the Retail, Hospitality, and Leisure (RHL) sectors, face rising costs in April due to increased National Insurance, minimum wage, and reduced business rate relief, which drops from 75% to 40%. This, combined with a rising "multiplier rate," could impact profitability and competitiveness, although the smallest businesses may be unaffected. Business rates reform is expected next year.

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