Business Rates — Written Question

Question

Sir Geoffrey Clifton-Brown

Conservative — North Cotswolds

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of reducing the business rate multiplier by 20p for all hereditaments in England used for retail, hospitality and leisure with a rateable value of (a) under £51

Answer

James Murray

The Government will confirm the rates for the new multipliers at Budget 2025, taking account of the outcomes of the 2026 revaluation as well as the broader economic and fiscal context. Tax policy and legislation is not subject to the Better Regulation Fra...

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