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BT warns UK business rate hike could cost £400M annually, harming telecoms investment.
BT warns proposed UK business rate changes could cost infrastructure firms £400 million annually, potentially slowing vital investment in telecoms and broadband.
The company, paying £375 million yearly in rates, opposes a planned tax increase on properties over £500,000—up to 10p on the pound—to fund relief for small retailers, arguing it could reduce business investment by £1.4 billion over five years and shrink the economy by £1.5 billion annually.
The final decision hinges on the November 26 Budget and ongoing talks with the Valuation Office Agency.
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BT advierte que el aumento de las tasas empresariales del Reino Unido podría costar 400 millones de libras esterlinas al año, perjudicando la inversión en telecomunicaciones.