To ask the Chancellor of the exchequer, whether she has made an assessment of the potential merits of uprating the monetary thresholds for (a) small business rate relief and (b) rural rate relief Rateable Value in the 2026 revaluation cycle in line with the change in aggregate Rateable Values since the 2023 Rating List.

Small Business Rate Relief (SBRR) is available to businesses with a single property below a set RV. Eligible property under £12,000 will receive 100 per cent relief, which means around a third of properties in England pay no business rates at all. There is also tapered support available to properties valued between £12,000 and £15,000.

Rural Rate Relief aims to ensure that key amenities are available, and community assets protected in rural areas. It provides 100% rate relief for properties that are based in eligible rural areas with populations below 3,000.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties.

To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years, including to protect ratepayers seeing their Bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down next year. Government support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.