“What assessment she has made of the potential impact of changes to business rates announced in the Autumn Budget 2025 on the retail, hospitality and leisure sector.”
Asked by
Bradley Thomas
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Exchequer Secretary to the Treasury (Dan Tomlinson)
The Government have introduced a support package worth £4.3 billion to protect rate payers across the country against the impact of the independently set new property values, whereby properties have been valued for the first time since the pandemic. We have also introduced permanently lower multipliers for eligible retail, hospitality and leisure properties worth nearly £1 billion a year, and this will benefit more than 750,000 high street businesses.