Business Rates Debate

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Department: HM Treasury
Tuesday 27th January 2026

(1 day, 9 hours ago)

Commons Chamber
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Dan Tomlinson Portrait Dan Tomlinson
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We have set out a package of support for hotels and all other businesses. It is worth around £2 billion this year and £4 billion over the next three years. If there are hotels in the hon. Gentleman’s constituency that are facing significant increases in their rateable values this year, the increases in their bills will potentially be many multiples lower, because bill increases are capped at either £800 for small businesses or at 15% or 30% for the largest. It is really important that we distinguish—I am not saying that he is not doing so, because I am not sure of the detail—between the change in rateable values and the change in bills. That is important, and it sometimes gets lost in this discussion.

Chris Curtis Portrait Chris Curtis (Milton Keynes North) (Lab)
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I welcome the engagement from the Minister and today’s fantastic announcement, and invite him to come and have a pint at the Dolphin in my constituency, where I used to pull pints. Just down the road is William Cowley, a business that has been in my constituency since 1870. It produces the vellum on which much of the history of this nation has been written, including royal weddings, births and deaths; royal patents; freedoms of the city; and many Acts of Parliament. It is worried about its viability going forward, particularly after the revaluation of business rates. Will the Minister agree to meet me to have a discussion about how we can better support heritage businesses going forward?

Dan Tomlinson Portrait Dan Tomlinson
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One of my favourite things to do is to meet my hon. Friend to discuss a whole range of matters, so I will happily discuss this issue with him too. We have been in correspondence on this business already, so I hope that he passed on the messages from me about the need to check that there is a difference between the increase in the RV—the rateable value—and the increase in business rates bills. I hope to be in one of the fastest-growing cities in the country before long.