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Lord Khan of Burnley (Lab)

Speaking in the House of Lords on 27 February 2025

Debate

Non-Domestic Rating (Multipliers and Private Schools) Bill

Contribution

My Lords, I think I have been quite clear in stating that there is clear evidence that there is no impact assessment on taxation. However, what we are asking to do in the Bill is to set the parameters for increasing the multiplier and the flexibility for the higher rate over £500,000; and, for the lower multipliers, to support RHL, as we committed to do in our manifesto. When the Treasury works up to the announcement and makes a decision on the multipliers at the Budget, it will of course publish analysis on what the impact of that will be in 2026.

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