Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact on investment in retail properties of reducing the standard business rates multiplier for retail, hospitality and leisure properties by a further 5p to 38p from April 2027.

The Government is continuing to review the wider business rates system to ensure it better supports high streets, local economies and small businesses.

Further decisions on wider business rates reforms will be set out in the normal way at the Budget.