After the British government announced plans to launch a review of the business rates system in March 2016, a later postponement of such a development left many feeling the powers that be did not sufficiently understand the pressure felt by business owners.

Indeed, in the run up to the general election in May, opposition parties, and in particular Labour, made business rates a big part of manifestos and business pledges. Former shadow business secretary Chuka Umunna declared that business owners have been “clobbered” by hikes in business rates and that a cutting, and then freezing, of business rates was necessary.

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