Skip to main content

Retail Trade: Business Rates

Question for Treasury

UIN HL12917, tabled on 2 February 2021

To ask Her Majesty's Government what assessment they have made of the impact on shop closures of ending the business rates holiday.

Answered on

16 February 2021

The unprecedented full business rates holiday for eligible retail, hospitality and leisure properties for the financial year is worth about £10 billion to businesses in 2020-21. The Government will continue to look at how to adjust its support in a way that ensures people can get back to work, protecting both the UK economy and the livelihoods of people across the country. The Government is considering options for reliefs for 2021-22 and will outline the next round of COVID-19 support measures at Budget.

Answered by