A future Labour government would replace non-domestic rates with a fairer system to ease the burden on smaller high street firms, shadow chancellor Rachel Reeves has announced.
Reforms and increases to the tax base which could raise up to £55bn a year should be implemented as part of the upcoming Budget, according to a leading think tank.
Chancellor Rishi Sunak is considering reversing historic corporation tax cuts in the March Budget and longer-term reforms to stamp duty and council tax, according to reports.
