Business Rates
The question
To ask the Secretary of State for Business and Trade, what recent discussions he has had with the Chancellor of the Exchequer on business rates.
Answered by Justin Madders
We are creating a fairer business rates system that protects the high street, supports investment, and is fit for the 21st century. The Secretary of State works closely with all his cabinet colleagues, including the Chancellor of the Exchequer.
To deliver our manifesto pledge, we intend to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties, including those on the high street, from 2026-27. The Government has also published a Discussion Paper setting out priority areas for business rates reform and inviting industry to co-design a fairer business rates system: https://www.gov.uk/government/publications/transforming-business-rates
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