Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what estimate she has made of the change in business rates from the valuation of a retail, hospitality and leisure hereditament moving from a Rateable Value of £499,999 to £500,001 from April 2026.

The Valuation Office Agency are currently completing the valuation process for the 2026 business rates list. As part of the usual process, the government will announce the multipliers at the Budget, having regard to the evidence of the valuation.

When the new multipliers are set at Budget 2025, the Treasury intends to publish analysis of the effects of the new multiplier arrangements.