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Chris Blumer

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New transitional relief scheme for Welsh businesses

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A new transitional relief scheme has been announced to help Welsh businesses cope with changes to business rates from next April.

The Welsh Government is providing an extra £116 million as rates are revalued to reflect current property values.

Firms facing increases of more than £300 will see rises phased in over two years, while small and medium retail shops will benefit from a lower rate.

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