Autumn Statement 2014: George Osborne has pledged a comprehensive overhaul of the business rates system.
The Chancellor said he recognised the impact of business rates on small business and promised to devise a new, fairer system.
Delivering his Autumn Statement, the chancellor also confirmed his intention to extend the 2% rate increase limit.
The announcement – the latest in a series of pledges to review rates – was criticised as “fiddling while the high street burns” by Colliers International.
Osborne also announced plans to devolve business rates to Wales.
