Written Question·Treasury·UIN 98959
Business Rates
Tabled: 10 December 2025
Answered: 15 December 2025
Named DayQuestion
Daisy Cooper
Liberal Democrat — St Albans
To ask the Chancellor of the Exchequer, what the cost to the public purse is of reducing the retail, hospitality and leisure multiplier by the maximum permitted by the Non-Domestic Rating (Multipliers and Private Schools) Act 2025.
Answer
Dan TomlinsonThe amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years...
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