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Budget 2020: Rates scrapped for shops and cafes

35795745652_9107df68c9_b.jpg?profile=RESIZE_710xTens of thousands of England's retail, leisure and hospitality firms will not pay any business rates in the coming year, the chancellor has announced.

Companies with a rateable value of less than £51,000 will be eligible for the tax holiday, Rishi Sunak said.

The measure applies to firms including shops, cinemas, restaurants and hotels.

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BBC News

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