Question to the HM Treasury:

To ask the Chancellor of the Exchequer, which public sector bodies will be compensated for increases to their business rates.

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.

The Government introduced a support package worth £4.3 billion, including to protect ratepayers seeing their bills increase. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down next year. This also means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

Departments’ budgets were set at Spending Review 2025. Any spending pressures are expected to be managed within those settlements.