Question to the HM Treasury:
To ask His Majesty's Government when they plan to publish the review of the impact of increased rateable values on hotels.
The Government has heard concerns from hotels about how they are valued for business rates and has committed to reviewing this. The review will report in time for any decisions that follow to be implemented for the 2029 revaluation.
The Government will set out more detail of the review in due course. Hotels will continue to benefit from the £4.3 billion support package announced at the Budget, including the transitional relief scheme which will cap bill increases.