Small Businesses: Business Rates — Written Question

Question

Mary Glindon

Labour — Newcastle upon Tyne East and Wallsend

To ask the Chancellor of the Exchequer, what assessment she has made of the potential cumulative impact of (a) the proposed business rates revaluation in April 2026, (b) the removal of the 40 per cent relief for the retail, hospitality and leisure sector

Answer

Dan Tomlinson

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since the pandemic, which has led to significant increases in rateable values for some properties as they recover from the pandemic.To respon...

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