Relief for retailers as business rate changes in budget not as bad as feared

Sainsbury’s chief executive says ‘industry concerns have been heard’, although others outside retail industry are left frustrated by changesRetailers have breathed a sigh of relief after changes to their business rates bills in the budget were not as bad as feared, after the industry had warned for months that more punitive measures could lead to shop closures and jobs losses.The chancellor, Rachel Reeves, on Wednesday revealed plans to permanently reduce business rates for ret