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CBI calls for rates reform

Bosses’ group the CBI has called on the chancellor to reform the current business rates regime, which it criticised as a ‘disincentive to company expansion’.

Bosses' group the CBI has called on the chancellor to reform the current business rates regime, which it criticised as a ‘disincentive to company expansion'.

In its Autumn Statement submission, the CBI demanded a switch in how business rates were uprated from the Retail Price Index to the Consumer Price Index inflation measure, an increase in the threshold for smaller properties and more frequent valuations.

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