1 in 4 UK businesses could face rate rise

The video discusses the impact of business rate changes in the UK, highlighting the benefits for Northern businesses like Margaret's florist in Preston, who will save over £3000 annually. However, Southern businesses, such as Mary's antique shop in Runnymede, face increased rates, causing political tension for the government. The Chancellor, Philip Hammond, is under pressure to address these issues, especially with the upcoming budget. The Treasury is considering measures to support small traders affected by the rate hikes.

How much will Margaret save annually due to the reduction in business rates?

• £3000

• £4000

• £2000

• £5000

What is the expected percentage increase in Mary's business rates?

• 10%

• 12%

• 13%

• 15%

Which area is Mary from, where she is experiencing an increase in business rates?

• Preston

• Runnymede and Weybridge

• Manchester

• Liverpool

What is causing political tension for the Chancellor regarding the business rates policy?

• Increase in national debt

• Impact on Tory heartlands

• Upcoming elections

• Support from all MPs

What are Treasury officials focusing on to help those affected by the business rates policy?

• Cutting interest rates

• Measures for small traders

• Reducing public spending

• Increasing taxes