JP Morgan: Business Rates

(asked on 9th October 2026) - View Source

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, if he will place a copy of the Memorandum of Understanding on the JP Morgan business rates zone in the Library.


Answered by
James Murray Portrait
James Murray
Financial Secretary to the Treasury and Paymaster General
This question was answered on 19th October 2026

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.

Reticulating Splines