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Close Brothers Motor Finance has commented on today's statement by the Chancellor.

“The Chancellor’s announcement that the revaluation of business rates will be brought forward is positioned as a positive, but small businesses will need clarity as soon as possible about the winners and losers in this revaluation.

"We work with dealerships across the country and we understand the challenges they face on a day-to-day basis. Any revaluation that costs these small businesses more money could dampen the positive sentiment, at a time when the UK’s motor industry needs support."