Written Question·Treasury·UIN 97262
Retail Trade: Business Rates
Tabled: 4 December 2025
Answered: 18 December 2025
Question
Sarah Olney
Liberal Democrat — Richmond Park
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of higher rateable values and reduced business rates relief on the number of hospitality closures and empty units on high streets over the next three years.
Answer
Dan TomlinsonThe amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 97262) →