Rachel Reeves, the chancellor, has been accused of delivering a budget of “smoke and mirrors” after it was emerged pubs, hotels, shops and restaurants now face significantly higher business rates next year.

The chancellor Rachel Reeves (Image: James Veysey/Shutterstock)

In the House of Commons last Wednesday, Ms Reeves claimed she was introducing the "lowest tax rates since 1991" by permanently lowering rates for over 750,000 retail, hospitality and leisure properties.

But the combination of the end of the 40pc discount on business rates in April, and a much higher evaluation of the value of their buildings used to calculate rates, will see them pay tens of thousands more each year.

These 'hidden clauses' were first revealed by the Eastern Daily Press last week.

The Red Lion pub in Bishopgate, Norwich, has seen its rateable value for its building soar by more than 400pc - set to rise from £19,750 to £100,000 in April. (Image: Red Lion Bishopgate)

Norfolk businesses are now calling for the chancellor's resignation, accusing her of lying to them and the British public to justify billions in........

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