questionText: To ask the Chancellor of the Exchequer, whether the 2026 business rates revaluation is revenue neutral (i) in the first year, or (ii) over the valuation cycle.
answerText: At Budget 2025, the Government announced updated property values independently assessed by the Valuation Office. Revaluations ensure that the rateable values (RVs) of properties are updated in line with market changes, and that the tax rates adjust to ref...
heading: Business Rates: Valuation