Written Question·Treasury·UIN 41351

Night-time Economy: Closures

Tabled: 25 March 2025

Answered: 28 March 2025

Named Day

Question

Mr Paul Kohler

To ask the Chancellor of the Exchequer, pursuant to the Answer of 24 March 2025 to Question 39774, what assessment she has made of the medium-long term impact of the closure of (a) grassroots and (b) cultural nightlife businesses on tax revenue.

Answer

James Murray

The Government is creating a fairer business rates system that protects the high street. That is why we have announced our intention to introduce permanently lower rates for high street RHL properties, with rateable values below £500,000, from 2026-27, wh...

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