Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she make it her policy to introduce a new business rates system before the 2026-27 financial year.

Transforming the business rates system is a multi-year process, and reforms taken forward will be phased over the course of the Parliament to provide certainty for businesses and local government finance.

Through these reforms, we will create a fairer business rates system that protects the high street, supports investment, and is fit for the 21st century.

In summer, the Government will publish an interim report that sets out a clear direction of travel for the business rates system, with further policy detail to follow at Autumn Budget 2025.