Welsh Business Rates Frozen for 2021-22

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Business rates in Wales will not be subject to an inflationary increase in 2021-22 Finance Minister Rebecca Evans has confirmed.

Freezing the multiplier next year will help support around 54,000 ratepayers across Wales, who are not already receiving 100% rates relief. This takes the total amount of savings businesses have received on their rates bills to more than £90m, since 2018-19.

Earlier this year the Welsh Government also announced a rates relief package worth £580 million to provide businesses with the support they needed to survive the pandemic.

Finance Minister Rebecca Evans said:

“We recognise the pressures that businesses are facing and we are continuing to explore the support measures we can put in place to help businesses cope with the economic impact of the coronavirus pandemic and the end of the EU transition period.

“The announcement I have made today provides businesses with the reassurance that they will not see an increase in their business rates liabilities next year.”

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The Welsh Government is the devolved Government for Wales.

They are working to help improve the lives of people in Wales and make our nation a better place in which to live and work.

The Welsh Government consists of:

The First Minister
Welsh Ministers
The Counsel General
Deputy Ministers.

They are supported by civil servants who work across devolved areas that include key areas of public life such as health, education and the environment.

They aim to be open and responsive to the needs of citizens and communities and are one of the few governments in the world that publishes Cabinet minutes and papers. Responsibility for most key areas of public life including health, education and environment is devolved.

With offices across Wales, including Merthyr Tydfil, Aberystwyth and Llandudno Junction, they are getting closer to the people they serve.

 

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