Business Rates
The question
To ask the Chancellor of the Exchequer, whether the transitional relief scheme for the 2026 business rates revaluation will be financed by (a) direct funding, (b) downward phasing and (c) a higher multiplier.
Answered by James Murray
The Government is legally required to introduce transitional relief for ratepayers to support those seeing the biggest increases at revaluations.
The Non-Domestic Rating Act 2023 removed the requirement for transitional relief schemes to be self-funding.
Only once we understand the complete 2026 revaluation picture will the Government be in a position to make final decisions, at Autumn Budget 2025, on the transitional relief scheme
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