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Johnson plans 12,500 sterling tax break for small businesses - Daily Mail

FILE PHOTO: British Prime Minister Boris Johnson greets newly-elected Conservative MPs at the Houses of Parliament, London

(Reuters) - British Prime Minister Boris Johnson plans to cut down business rates for half a million small businesses in the country, the Daily Mail reported on Wednesday.

The tax break, which will be announced in Johnson's Queen's Speech on Thursday, could be worth 12,500 pounds ($16,037), the newspaper added.

(Reporting by Akshay Balan in Bengaluru; Editing by Maju Samuel)