Business Rates

Treasury written question – answered at on 16 July 2025.

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Photo of Gavin Williamson Gavin Williamson Conservative, Stone, Great Wyrley and Penkridge

To ask the Chancellor of the exchequer, whether she plans to continue the 40 percent relief on business rates for Retail, Hospitality and Leisure businesses into the 2026-27 financial year.

Photo of James Murray James Murray The Exchequer Secretary

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 business rates liabilities.

Without any Government Intervention, RHL relief would have ended entirely in April 2025, creating a cliff-edge for businesses. Instead, the Government is providing 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 April 2026.

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Chancellor of the Exchequer

The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.

The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.

The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.

intervention

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