Businesses apprehension the 4% rise will be a ‘tipping point’ for economy ahead of BrexitPhilip Hammond is under intense pressure from tens of thousands of UK companies to drop a planned 4% rise in trade rates next year,amid warnings it would be a “tipping point” for the economy ahead of Brexit.
The country’s leading trade lobby groups, including the British Chambers of Commerce (BCC), or Federation of Small Businesses and British Property Federation,possess joined forces in an unprecedented campaign to tell Hammond that such a rise would seriously hit investment and confidence, and could mean more firms relocating abroad in the run-up to the UK leaving the EU in March 2019.
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Source: guardian.co.uk