Business Rates

Tom Hayes Excerpts

Tuesday 27th January 2026 Commons Chamber

[Dan Tomlinson]

We have changed the tax rates, the multipliers, within the system so that a typical high street business may now pay 38p in the pound and an online retail giant may pay 51p in the pound on their rateable values. That is a significant underlying reform to the tax system that is here for good.

[Tom Hayes (Bournemouth East) (Lab)]

Business rates are complicated, and this new methodology particularly so. Businesses were always going to be in touch with MPs, and in our democracy we were going to talk it through with the Government to get to a better place. Today’s announcement shows that our democracy works and that representation works. I thank the hospitality sector business owners in Bournemouth East who have constructively engaged with me to get to that better place. We also, in this House, need to put party politics aside and recognise that business owners put their hearts and souls, and their blood, sweat and tears, into building something better. We all need to commit to doing something better on their behalf. Will the Minister continue to engage with me, on behalf of all hospitality, so that we can get the very best deal for them, and not just now but for the future?

[Dan Tomlinson]

I thank my hon. Friend for his engagement, persistence and advocacy on behalf of the businesses in his constituency. I know that he has had many conversations with businesses in his constituency, and he has been able to feed them directly to me as the Minister with responsibility for tax. I am sure that we will continue to have such conversations in the months and years to come.