Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Valuation Office Agency's statistics entitled Non-domestic rating: change in rateable value of rating lists, England and Wales, 2026 Revaluation, published on 26 November 2025, for what reason the average Rateable Values of Royal Palaces have increased by 201%.

Royal Palaces are valued in the same way as any other class of non-domestic property; through applying the statutory and common law principles that apply across non-domestic rating.

An increase in RV does not mean that business rates liability will increase by the same percentage.