Reeves: UK economy feels 'stuck'

THE Chancellor has said the UK economy feels “stuck” as she revealed plans to consider business rates reforms including removing “cliff edges” for small firms.

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The Treasury is looking at changes to the current system of business rates - the tax on UK business properties - as part of efforts to cut red tape and improve growth.

In an initial report into business rates, the Treasury said it would consider overhauling small business rates relief rules which “can discourage” expansion and investment.