Chancellor Jeremy Hunt refused to confirm what he would do on business rates at the weekend (James Manning/PA)
(Picture: PA Wire)Business leaders have issued a last ditch appeal to Chancellor Jeremy Hunt to freeze business rates in this week’s Autumn Statement, saying a 10 per cent hike next year could leave many firms on the brink of collapse.
As Mr Hunt weighs a slew of tax rises and spending cuts on Thursday to plug a £55 billion black hole in the public finances, business groups fear the Chancellor will raise rates in line with inflation to provide a £3bn boost to tax revenues.
