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Tax Cut Gifts British Retailers Much-Needed Breathing Room

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U.K. retailers received an early holiday present from the British finance minister, who cut the business rates tax by 50 percent—but only for one year. U.K.’s finance minister Rishi Sunak has been reviewing the business rate system, which many retailers have described as burdensome in light of the shift in consumer purchases from brick-and-mortar to…

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