Business Rates: Tax Allowances — Written Question

Question

Saqib Bhatti

Conservative — Meriden and Solihull East

To ask the Chancellor of the Exchequer, what estimate she has made of the cost to the public purse of removing the £110,000 business rates cap for (a) retail, (b) hospitality and (c) leisure businesses with a rateable value below £500,000 after April 2026

Answer

James Murray

To deliver our manifesto pledge, we intend to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties, with rateable vales below £500,000 from 2026-27. This permanent tax cut will ensure that RHL businesses benefit from...

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