Budget 2025: how Rachel Reeves compromised on business rates

3D7KH7R

Supermarket chiefs had been confident Rachel Reeves would exempt them from business rates hikes – they now know that faith was misplaced. What do the changes mean for retail?

It was déjà vu all over again for deputy speaker Nusrat Ghani on Wednesday. In a rebuke before calling the Chancellor to deliver her budget, Ghani slammed the “premature disclosure of the contents of the budget” as a “supreme discourtesy to this House”.

“Weeks ago, we saw the Chancellor delivering a speech in Downing Street, setting the scene for the budget, as well as specific policy announcements being briefed out to the media in advance of today’s financial statements,” Ghani said.

Already have an account? Sign in here

Want access to this article?

Register for LIMITED access

REGISTER FOR FREE

Get PREMIUM access for £1 a week

SUBSCRIBE NOW