Food and Drinks: Wholesale Trade — Written Question

Question

Tim Farron

Liberal Democrat — Westmorland and Lonsdale

To ask the Chancellor of the Exchequer, what estimate she has made of the potential impact of her Department's plan to introduce a higher multiplier on properties with rateable value of £500,000 and above on the food and drink wholesale sector.

Answer

James Murray

To deliver our manifesto pledge, from April 2026, we intend to introduce permanently lower tax rates for high street retail, hospitality, and leisure (RHL) properties with rateable values (RVs) below £500,000. This tax cut must be sustainably funded, and ...

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