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Has Philip Hammond saved the high street? No – but every little helps

3 November 2018

9:00 AM

3 November 2018

9:00 AM

How much did Philip Hammond’s giveaway Budget help dying town centres? Not enough, say campaigners, but let’s give the Chancellor some credit. A one-third relief in business rates for retail properties with a rateable value of less than £51,000 means an annual saving of up to £8,000 for a huge number of small businesses; pubs where people still drink beer and spirits in old-fashioned style benefit from a duty freeze that one industry body says will ‘secure upwards of 3,000 jobs’; and there’s money to help convert disused premises into homes.

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