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Michael Northcott

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Budget business rates plan ‘an attack on London and the Southeast’, says Colliers

📈 Business rates are set to rise by 10.2% from April 2026, increasing from £33.6bn to £37.1bn. The new high-value business rates multiplier is 50.8p for properties valued at £500,000+, affecting 21,000 properties, with 10,700 in London and the Southeast. The retail, hospitality, and leisure (RHL) rates relief, capped at £110,000, ends next April. A redesigned £3.2bn Transitional Relief scheme and £500m Supporting Small Business Scheme aim to provide support.
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