Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the adequacy of business rate relief for businesses in the hospitality sector.

At Autumn Statement 2023, the government announced it will extend the Retail, Hospitality and Leisure (RHL) relief scheme at 75 per cent, up to a cash cap of £110,000 per business for 2024-25. This is a tax cut worth nearly £2.4 billion and around 230,000 retail, hospitality and leisure properties will be eligible for relief.

The government also announced a freeze to the small business multiplier for the fourth consecutive year in 2024-25, protecting over a million ratepayers from bill increases.