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Commercial Credit News
|Close Brothers Group comments on Business Rate reform|
|Wednesday, 16 March 2016|
Adrian Sainsbury, Chief Executive of Close Brothers Commercial division, comments on today’s changes to business rates: “Today’s reforms to business rates will result in 600,000 more small businesses falling under the business rate threshold, as relief more than doubles to £15,000 from £6,000.
"This will come as a welcome relief to small businesses up and down the country, who have consistently cited Business Rates as a major factor hindering their growth. We work with thousands of SMEs across the UK and we know recent policy changes such as the national living wage and pension auto-enrolment have been met with concerns around their impact. We must therefore continue to support SMEs and help them plan for changes like this so they are able to continue to thrive and thus help the economy grow.”
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