Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 September 2026 to Question 20419 on JP Morgan: Business Rates, what is the estimated gross annual cost to the public purse of the additional business rate tax relief in the new JP Morgan business rates zone; and whether the gross cost will be borne by (a) central government and (b) local government.

Under the Memorandum of Understanding between HM Government, local authorities and JP Morgan, the total cost of the relief is capped to ensure that the programme would deliver value for money for the taxpayer.

In line with the confidentiality provisions of the Memorandum of Understanding (MoU), a copy of the MoU will not be placed in the library.