The Chancellor’s speech contained impressive headlines but as always the devil is in the detail.

The changes to business rates are, arguably, far less favourable than the headlines might otherwise suggest.

The clear ‘winners’ are small businesses. If your rateable value is greater than £51,000, then any ‘benefits’ of the budget announcements will not filter through until April 2020.

More frequent revaluations should mean more accurate Rateable Values. However, appeal procedures are currently under the spotlight with possible changes suggested which could include a fee to appeal and costs being payable should an appeal be unsuccessful.