Autumn Statement 2022: £13.6bn business rate support

The Autumn Statement set out a package of targeted support to help with business rates costs worth £13.6bn over the next five years

The business rates multipliers will be frozen in 2023-24, and upward transitional relief caps will provide support to ratepayers facing large bill increases following the revaluation.

From 1 April 2023, business rate bills in England will be updated to reflect changes in property values since the last revaluation in 2017.

The relief for retail, hospitality and leisure sectors will be extended and increased, and there will be additional support for small businesses.

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