Business Rates: Greater London — 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 applying a 10p increase in the business rate multiplier for all hereditaments in Greater London with a rateable value of £500,000 or more on business rate in

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 Fram...

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