George Osborne outlines plans to extend trade rate reliefs in a move that will catch £7bn out of total receipts Councils are bracing themselves for more cuts and financial uncertainty after George Osborne announced major changes to trade rates in the budget. Osborne revealed that measures to extend trade rate relief to smaller trade and shops will catch £7bn out of the total trade rate catch in England over the next five years.
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Source: theguardian.com