Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department is taking to support storage and logistics-based businesses.

The Government recognises the important role that storage and logistics-based businesses play in supporting economic growth, trade and supply chains across the UK.

The Government is supporting these sectors through a range of measures, including through maintaining permanent full expensing to encourage investment in qualifying plant and machinery, and investing in infrastructure and planning reform to improve connectivity and the efficient movement of goods.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation was the first since the pandemic, which has led to significant increases in rateable values for some properties as they recover from the pandemic.

To respond to those who are seeing large increases, the Government has already acted to limit increases in bills, announcing a support package worth £4.3 billion package at the Budget.