Minimum wage rise 'a massive blow' says farmer

Rachel Buchanan, co-owner of Elderwood Books in Brampton Bryan, Herefordshire, said she was currently challenging the business rate valuation of her premises.

She said her current rate was more than £18,000, but if her challenge was successful, her business would be below that figure, which would be a "relief".

"We're in an area subject to flooding. Tourists come or don't come, so if we have a quiet week in the winter, those business rates still have to be paid," she added.

"Having a much lower, or preferably zero, bill would make a massive difference."

She said a reduction in VAT was a "lovely dream" but she did not expect that to be included in the Budget, which she described as "tinkering around the edges".