Rise in business rates bill wipes out last year’s savings for retail chains, analysis shows
The Budget widened business rates relief for small shops and capped bill rises at inflation for the rest of the high street, sparing independent retailers a sharp increase next year and turning it into a cut. Big retailers will pay more, wiping out the savings they made from last year’s reform.
England’s independent shops will pay about £2.2bn in business rates in 2027-28, about 3% less than this year, according to Retail Week analysis. Without the changes, they would have paid about 9% more. England’s biggest retailers will pay about £4.7bn, about 3.5% more than this year and above what they paid two years ago, before last year’s reform.
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