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Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure

Amongst other measures unveiled by the Chancellor, Sunak confirmed that the national minimum wage is set to rise for the second time this year by 6.6% to ยฃ9.50

Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to ยฃ110,000), equating to a business tax cut worth ยฃ1.7bn, the biggest single-year rates cut for firms in over 30 years.

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