questionText: To ask the Chancellor of the Exchequer, what impact assessments the Government has conducted on the potential effect of rateable value increases and changes to business rates relief, announced at Budget 2025, on a) vacancy rates on local high streets b) j
answerText: The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years...
heading: Retail Trade: Business Rates