L

Lord Wilson of Sedgefield (Lab)

Speaking in the House of Lords on 16 September 2026

Debate

Business Rates Avoidance Schemes

Contribution

I kindly say to the noble Lord that, at the last Budget, the Valuation Office announced updated property values from the 2026 revaluation. In recognition of the impact of the revaluation on bills, the Government have introduced a support package worth £4.3 billion to protect against ratepayers seeing large overnight increases. As a result, over half of ratepayers will see no bill increases in 2026-27, including 23% whose bills will go down. This also means that most properties are seeing increases capped at 15% or less in 2026-27, or at £800 for the smallest.

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