1 in 4 UK businesses could face rate rise

1 in 4 UK businesses could face rate rise

Assessment

Interactive Video

Social Studies, Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does the government face regarding business rates in Tory heartlands?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures are Treasury officials considering to help small traders on the High Street?

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