Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to page 30 of her Department's publication entitled HMT Budget 2025: Policy Costings, published in November 2025, what is the notional increase in revenue from the abolition of the 2025-26 centrally funded RHL relief in 2026-27.

The Government is introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties. These new tax rates are worth nearly £900 million per year and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since COVID. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

The total change in business rates revenue is set out in the OBR’s Economic and Fiscal Outlook.