‘Red wall’ Tory MPs urge Sunak to cut business rates for shops

Hinterland comes out before the budget. However we await the announcement about the Towns Fund (wave 2) with bated breath. I also suspect some controversy around corporation tax and a few other issues which may well hit rural dwellers. This preview tells us:

Rishi Sunak is under increasing pressure from Conservative “red wall” MPs to go beyond existing support for the UK economy in Wednesday’s budget and cut taxes for thousands of retailers.

MPs across the political spectrum are increasingly uneasy that he may introduce income tax rises for middle earners, and the chancellor is facing calls from 45 northern Tories to make “a bold move to reduce business rates”.

The calls come as Sunak prepares for a major test on Wednesday as he seeks to find an extra £43bn to plug a hole in the UK’s post-pandemic finances while allowing the economy to recover from a third lengthy coronavirus lockdown.