Question to the HM Treasury:
To ask His Majesty's Government what risk assessments they have undertaken on the impact of hotels' rates bills increases; and how many hotels will see their rates bills rise by (1) over 20 per cent, (2) over 50 per cent, and (3) over 100 per cent.
The Government is backing high streets with a package which means that all retail, hospitality and leisure properties in England, including hotels, will see their business rates either frozen in real terms, reduced, or cut to zero.
The Government is also undertaking a focused review of the valuation methodologies used for pubs and hotels, following concerns about whether existing approaches accurately reflect the market and are applied consistently and transparently. The review is ongoing.