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Evening Standard
Evening Standard
Business
Michael Hunter

Loungers chief calls for government to back high streets with business rate break

The chief executive of the fast-growing neighbourhood bar chain Loungers called for an extension to business rates relief today as the London-listed company reported record sales and profits.

Nick Collins told the Standard: “The hospitality sector generally pays an unfair proportion of the business rates bill, 10% of the overall amount when our revenue represents only 3%."

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