Rateable values are set independently of ministers by the Valuation Office Agency. The Government has put in place a £3.6 billion package of transitional relief to support those businesses facing an increase. Additionally, my Department has been working closely with the Treasury to determine how best to provide further support to those businesses with the steepest increases.
A package of support was subsequently announced at the Budget on 8 March. It includes £110 million to support rate-payers losing small business rates relief and rural rate relief as a result of the 2017 revaluation, as well as a £300 million discretionary relief fund for local authorities to help individual businesses that are having the greatest difficulties paying increased rates bills.