Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to page 30 of the Budget 2025 policy costings document, published in November 2025, if she will make an assessment of the reasons for the change in business rate RHL multipliers between 2026-27 and 2027-28.

The retail, hospitality and leisure (RHL) multipliers being introduced from April are worth nearly £1 billion per year and will benefit over 750,000 properties in England.

The Exchequer impact of the new RHL multipliers can be found on page 30 of the ‘Policy costings’ document, published at the Budget and found online at this address: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf