A group of 45 Conservative MPs from “Red Wall” seats have called for a permanent reduction in business rates to help firms come out of “cold store” after the coronavirus crisis. In a letter to Chancellor Rishi Sunak ahead of Wednesday’s Budget , MPs from the Northern Research Group (NRG) have demanded a “bold move” to support shops and high streets up and down the country. Live COVID updates from the UK and around the world Business rates are paid on the use of a building for non-domestic purposes. At last year’s Budget, Mr Sunak announced a 12-month suspension of business rates to help firms affected by COVID lockdown restrictions. Advertisement But he is now under pressure to make that assistance permanent – although the Treasury has said it won’t publish the results of a fundamental review of business rates until the autumn, when there is more economic certainty. Rossendale and Darwen MP Jake Berry, the chair of the NRG, highlighted how large parts of the north of England have been “subject to some form of lockdown almost continually for a year” due to the pandemic. More from Budget 2021 Rishi Sunak to hail Budget ‘big bang’ to lure tech… Read full this story
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