Retail Trade: Business Rates
Commons · Question 15118 · Tabled 19 Nov 2024 · Treasury · Official record
Answered 27 Nov 2024
Question
Asked by Jess Brown-Fuller
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of proposed changes to (a) retail, (b) hospitality and (c) leisure business rates on high street businesses.
Answer
Answered by James Murray, 27 Nov 2024
Without any government intervention, the current Retail, Hospitality and Leisure (RHL) relief would have ended entirely in April 2025, creating a cliff-edge for businesses. Instead, the Government has decided to offer a 40 per cent discount to RHL propert...