Retail Trade: Urban Areas
Commons · Question 26213 · Tabled 23 Jan 2025 · Ministry of Housing, Communities and Local Government · Official record
Answered 31 Jan 2025
Question
Asked by Charlotte Cane
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential impact of the Non-Domestic Rating (Multipliers and Private Schools) Bill on small high-street businesses.
Answer
Answered by Jim McMahon, 31 Jan 2025
The Bill provides the Treasury with powers to make provision for two new lower multipliers for qualifying retail, hospitality, and leisure properties from 2026/27. The intention of these provisions in the Bill is to rebalance the playing field for high st...