Hospitality Industry and Retail Trade: Business Rates — Written Question

Question

Kevin Hollinrake

Conservative — Thirsk and Malton

To ask the Chancellor of the Exchequer, pursuant to the Answer of 18 March 2025 to Question 37227 on Hospitality Industry and Retail Trade: Business Rates, what assessment she has made of the potential impact of the new (a) lower and (b) higher multiplier

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 Values below £500,000, from 2026-27. This tax cut must be sustainably funded, and so we intend to intr...

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