Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of extending business rate relief for retail, hospitality and leisure businesses beyond March 2026.

Retail, hospitality and leisure (RHL) relief has been extended year-by-year by previous governments since the pandemic. It has been a stopgap measure, and we recognise that businesses need longer term certainty on their liabilities.

Without any government intervention, RHL relief would have ended entirely in April 2025, creating a cliff-edge for businesses. Instead, the Government has decided to provide a 40 per cent discount to RHL properties up to a cash cap of £110,0000 per business in 2025-26, ahead of introducing permanently lower rates for RHL properties, with rateable values below £500,000 from 2026-27.