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Cheered by 'fair' cap on rate rises

Series: Financial Times ; 26 November 1999, 2(1)Publication details: 1999Subject(s): Summary: Government plans to cap business rate increases at 12.5% next year, were welcomed by business as fair. Small businesses will also be offered extra protection in the form of transitional relief, of which first year rate rises will be capped at 5%.

Government plans to cap business rate increases at 12.5% next year, were welcomed by business as fair. Small businesses will also be offered extra protection in the form of transitional relief, of which first year rate rises will be capped at 5%.