Commenting on the Chancellor's announcement that
businesses will be able to spread payment of this year's inflation adjusted increase to Business Rates over three years, EEF Head of Economic Policy, Lee Hopley, said:
"Just as companies were facing the prospect of a sharp rise in business rates, the Chancellor’s announcement will provide some much needed relief. The last thing businesses needed were higher taxes as they struggled to cut costs and this decision will allow companies to defer part of their tax bill, giving breathing space until their bottom lines recover."