Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the £110,000 cap threshold on retail, hospitality and leisure business rate relief under the multiplier regime will apply from April 2026.

To deliver our manifesto pledge, we intend to introduce permanently lower tax rates for retail, hospitality, and leisure (RHL) properties, including those on the high street, from 2026-27.

Whereas RHL relief currently limits that support to a cash cap of £110,000 per business, the government intends to have no such limit on the new multiplier in order to better ensure more widespread support for the high street.