Scotsman - Four leading business groups are calling on finance secretary Derek Mackay to revamp business rates otherwise Scottish firms will end up at a multi-million pound competitive disadvantage. 

Scottish Engineering, the Scottish Property Federation, the Scottish Retail Consortium and the Scottish Tourism Alliance have made the call ahead of Mr Mackay’s Scottish budget on December 14.

The groups have taken the step following last week’s UK budget which saw Chancellor Philip Hammond say that rates rises in England and Wales are to be based on the Consumer Price Index (CPI) measure of inflation.

Changing business rates indexation from the higher Retail Price Index (RPI) measure of inflation to CPI means that the levy will rise by three per cent in April rather than four per cent.

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