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20,000 jobs could be at risk due to business rates rise

The retail industry is set to see an increase in business rates due to the retail price index (RPI), which is used to calculate the annual rise in rates, increasing to 3.2% in September.....

This will put added pressure on many businesses who may struggle to pay staff wages and ultimately cut staffing levels.

Portland Director Steve Godwin commented:
“Many business owners will already be calculating how these potential rises combined with increased energy costs will affect them and start to make changes early. This could result in some staff losing their jobs in the coming months.”

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