The government’s revaluation of business rates, which comes into effect next April will cause added pressure for many retailers across the UK.

In a recent poll by DIY Week, 90% of 500 home improvement retailers reported that their rates will increase as a result of the changes.

The overhaul of the business rates system includes a new multiplier of 46.7p and rates business based on 2015 property value. Retailers in London are expected to be hit the hardest with an increased tax bill of 11%.

Conversely, retailers in the North are likely to see their rates decrease with the north west estimated to drop 11%.

Businesses that face any rise will be capped at 5% in the first year for small properties, with a dedicate system of transitional relief worth £3.4bn to help business owners adjust to the new bills.