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Business Rates: Coronavirus

Question for Treasury

UIN 137335, tabled on 13 January 2021

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect in Dudley North on confidence among high street businesses and shoppers of extending business rates relief for the hospitality, retail, and leisure sector for an additional year.

Answered on

20 January 2021

This year the Government has provided an unprecedented business rates holiday for eligible retail, hospitality and leisure properties due to the direct adverse effects of COVID-19, worth about £10 billion, and has frozen the business rates multiplier for all businesses for 2021-22.

The Government is also considering options for further COVID-19 related support through business rates reliefs. In order to ensure that any decisions best meet the evolving challenges presented by COVID-19, the Government will outline plans for 2021-22 reliefs in due course.

Answered by

Treasury