Provisional English UBR announced

The Department Of Communities and Local Government has issued a Business Rates Information Letter in response to the Autumn Statement. In it they have announced that using inflation capped at 2% from 2.3% the Small Business UBR for 2015/16 will be £0.48

The same letter also announced that the supplement to large properties to fund Small Business Rate Relief will increase from 1.1p to 1.3p. This means that the Large Business UBR will be £0.493

This increase in the Large UBR in therefore equivalent to a 2.3% increase. We will leave it to readers to ponder the coincidence.