Hospitality Industry and Tourism: Business Rates
The question
To ask the Chancellor of the Exchequer, what discussions she has had with Cabinet colleagues on the potential impact of business rates on the hospitality, tourism, and leisure sectors in East Grinstead and Uckfield constituency.
Answered by Dan Tomlinson
At the Budget, the VO 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.
In recognition of the impact of the revaluation on bills, the Government has introduced a support package worth £4.3 billion, to protect against ratepayers seeing large overnight increases in bills.
The Government also introduced new permanently lower multipliers for eligible retail, hospitality and leisure (RHL) properties. These new multipliers are worth nearly £1 billion per year and benefit over 750,000 properties.
In addition to the support announced at Budget, the Government understands that pubs have been under huge pressure over recent years. Recognising the value they bring and the challenges they face, the Government has introduced a 1-year 15 per cent relief for all pubs and live music venues in 2026/27. For the following two years, their bills will then be frozen in real terms.
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