Impact of Business rates rise on small business'

The video discusses the impact of increased business rates on shopkeepers, highlighting the financial challenges they face, such as rent increases and tight margins. Family-run businesses are particularly affected, with concerns about crossing financial thresholds and the fear of expansion due to fluctuating property market rates. The government claims that the reevaluation of business rates will ensure accurate billing, with many small businesses benefiting from reliefs. However, there is criticism over the appeal process and the potential for businesses to be forced to relocate.

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