Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to page 30 of her Department's publication entitled Budget 2025: Policy Costings, published in November 2025, and pursuant to the Answer of 18 November 2025 to Question 88672 on Business Rates: Tax Allowances, what estimate her Department has made of the average monetary value of the Retail, Hospitality and Leisure relief or multiplier to an average RHL hereditament in (a) 2024-25, (b) 2025-26 and (c) 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.