L

Lord Livermore (Lab)

Speaking in the House of Lords on 29 January 2026

Debate

Business Rates

Contribution

Hotels will continue to benefit from the support for business rates announced at the Budget. As I have already said, this latest package needs to be seen in the round with the £4.3 billion that we announced at the time of the Budget, including the transitional relief scheme, which will cap increases for those seeing the largest increases. The noble Lord is right, though, to mention hotels, and we recognise that hotels have expressed concerns about how they are valued for business rates. Hotel valuations are undertaken in a different way from some other sectors, so we will review the way hotels are valued as part of our wider valuation review. The methodology used is well established, but as with pubs, specific concerns have been raised with us, and it is right to review this to ensure it accurately reflects the rental value for these sectors. Any potential changes to business rates as a result of that review will be considered at the Budget in the usual way.

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