Treasury launches business rates review

The Treasury has appointed Jerry Schurder, former business rates policy lead at Newmark UK, to lead an independent review of business rates for pubs and hotels.

Schurder is to report back by the end of March 2027, in time for his recommendations to be implemented at the next revaluation in 2029.

A consultation is also being launched today which landlords, brewers, hoteliers and business owners are encouraged to respond to.

James Murray, financial secretary to the Treasury, said the new review would look at "a rethink of valuations - so that we can build a fairer system for the future”.

He added: “Pubs and hotels are vital for communities and bringing growth to every postcode. Last month we announced tax cuts for pubs to give them the breathing room they need.”

Schurder said: “I look forward to hearing from businesses, representative bodies and valuation professionals as we assess how the current valuation methodologies for pubs and hotels operate in practice and whether they remain fit for purpose.”