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Eurotunnel Halts UK Projects Over Soaring Business Rates

11/25/2025

Summary

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Eurotunnel halted its UK projects, saying a potential 200% rise in business rates is unsustainable and would make investments non-viable.
Chief executive Yann Leriche of Eurotunnel said rates could rise from £22 million to £65 million, threatening development of new services and jobs.
Eurotunnel contends taxation could reach 75% of UK earnings.
The Treasury said it would support firms affected and would continue discussions ahead of the Autumn Budget.

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Story summary

Eurotunnel halted its UK projects, saying a potential 200% rise in business rates is unsustainable and would make investments non-viable.
Chief executive Yann Leriche of Eurotunnel said rates could rise from £22 million to £65 million, threatening development of new services and jobs.
Eurotunnel contends taxation could reach 75% of UK earnings.
The Treasury said it would support firms affected and would continue discussions ahead of the Autumn Budget.