£435m Relief Package to Help UK Businesses

The U.K.’s Chancellor Philip Hammond unveiled a nearly half a billion pounds that will be serving to help businesses in the UK to face increases in their business rates.

Mr Hammond said that councils will be given powers to give out £300 million of relief to those businesses
who are hit hardest by these increases. He moreover said that no business in the United Kingdom which is losing small business rates relief will see their bill increase.

The Chancellor said that the first majority of pubs, 90%, will be getting a £1000 discount on their business rates in this year.

All these relief measures will amount to a total of £435 million of cuts.