Asked by: Damian Hinds (Conservative - East Hampshire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of (a) business rates revaluation and (b) the new multiplier bands from April 2026 on Further Education colleges.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.
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 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. Government support also means that most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
Asked by: Damian Hinds (Conservative - East Hampshire)
Question to the Department of Health and Social Care:
To ask the Secretary of State for Health and Social Care, what estimate he has made of the potential of (a) business rates revaluation and (b) the new multiplier bands from April 2026 on (i) NHS hospitals (ii) other NHS facilities and (ii) facilities of other services contracted to the NHS.
Answered by Karin Smyth - Minister of State (Department of Health and Social Care)
No additional funding has been made to National Health Service hospital trusts as a result of business rates revaluation and the new multiplier bands from April 2026. However, the Government uses the Market Forces Factor (MFF) within the NHS payment scheme to account for the higher business rates that providers in high-value areas pay. This mechanism adjusts resource allocations to ensure fairness across different regions. So increased costs will feed into the MFF and allocations.
NHS England has not made an assessment of the business rates revaluation and the new multiplier bands on the NHS. However, NHS England does have regular conversations with NHS hospitals to understand their financial position against the plan and will work with them to address any specific issues raised.
Asked by: Damian Hinds (Conservative - East Hampshire)
Question to the Department of Health and Social Care:
To ask the Secretary of State for Health and Social Care, whether funding for NHS hospital trusts will be adjusted as a result of business rates revaluation and the new multiplier bands from April 2026.
Answered by Karin Smyth - Minister of State (Department of Health and Social Care)
No additional funding has been made to National Health Service hospital trusts as a result of business rates revaluation and the new multiplier bands from April 2026. However, the Government uses the Market Forces Factor (MFF) within the NHS payment scheme to account for the higher business rates that providers in high-value areas pay. This mechanism adjusts resource allocations to ensure fairness across different regions. So increased costs will feed into the MFF and allocations.
NHS England has not made an assessment of the business rates revaluation and the new multiplier bands on the NHS. However, NHS England does have regular conversations with NHS hospitals to understand their financial position against the plan and will work with them to address any specific issues raised.
Asked by: Damian Hinds (Conservative - East Hampshire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her reference to warehouses in the Budget statement, Hansard 26 November 2025, Col 395, in relation to Business Rates was referring to Valuation Office Agency Special Category Code 151.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The reference to warehouses in the Chancellor's Budget speech relates to all warehouses with rateable values of £500k and above, including those in the Valuation Office Agency Special Category Code 151.