M
Member
Speaking in the House of Lords on 20 January 2026
Debate
Business Rates: Retail, Hospitality and LeisureContribution
At the Budget, the Government announced a comprehensive set of reforms to business rates. We have created a new, sustainable system with permanently lower multipliers for retail, hospitality and leisure businesses. Business rates are, in line with the usual timelines, revalued every three years, and new valuations that were set in train by the previous Government come into effect in April.
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