While there has been no widespread move to lower indicator rates on variable - rate loans for large business, two banks also reduced these rates when they announced reductions in small business rates. (rba.gov.au)
It announces that in light of the responses, the Government will legislate for the permanent doubling of Small Business Rate Relief (SBRR) and the change in indexation by primary legislation at the earliest opportunity. (bevanbrittan.com)
The money that local authorities miss out on because of Small Business Rate Relief is given back to local councils by central government. (cornishstuff.com)