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News - 7 November 2016
Is Heathrow airport the luckiest business in the south east?
The recent review of Rateable Values has seen business rates increase for most businesses in the region by an average of 24% but one has seen a whopping £10m a year saving.
The government agency that determines business rates recently published it regular five year review of every business in England to let them know what they will be paying from April 2017. The rateable value of Heathrow Airport Ltd has been cut from £247.5m to £215m which reduces its rates payable from £128m to £118m.
Meanwhile the rateable value of Gatwick airport has increased by nearly 7% to £60.4m.
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