UK manufacturers ‘will pay £940m a year more in business rates due to Reeves changes’

Government should look at ways to help as firms are paying disproportionate bills, says MakeUK British manufacturers have said they will have to pay an extra £940m a year in business rates because of changes by Rachel Reeves that come into effect this month. Manufacturers face a disproportionate business rates bill because they often have large factory floors, according to analysis by MakeUK, an industry lobby group. It said that factories accounted for a fifth of England and Wales’s property...

By Jasper Jolly