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Evening Standard
Evening Standard
Business
Joanna Hodgson

Extra £575 million business rates to pay for host of firms in London

London Altus Group

A host of companies face collectively paying £575.6 million extra in business rates on London properties after missing out on certain support measures announced by the Chancellor, it has emerged.

Data provided to the Evening Standard by real estate advisory firm Altus Group shows there are 61,650 non-domestic properties in the capital with a rateable value of more than £51,000, the threshold for the freeze to the small business multiplier announced by Jeremy Hunt yesterday.

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