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Budget 2020: Nurseries omitted from business rates holiday

Nurseries have been omitted from the moratorium on business rates announced by the Chancellor in the Budget, which will apply to small retail, hospitality and leisure businesses.

Chancellor of the Exchequer Rishi Sunak has put on hold business rates for for rateable values under £51,000 for 12 months, as part of a package of measures to support the UK economy in the face of disruption from the coronavirus outbreak, but the list does not include nurseries.

Interviewed this morning Mr Sunak defended his decision not to include nurseries, saying, 'Because what we’ve done on business rates is target the sectors of the economy which are in the consumption side of the economy, which will see a very significant hit because of people’s inability to spend. And what we wanted to do is make sure that they don’t go out of business during that period of time.'

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