Chancellor Rishi Sunak set out the measures in the House of Commons, before the Treasury confirmed the finer details shortly after his address.
“To support local high streets as they adapt and recover from the pandemic, the government is introducing a new temporary business rates relief in England for eligible retail, hospitality and leisure properties for 2022/23, worth almost £1.7 billion,” said the Treasury. “More than 90% of retail, hospitality and leisure businesses will receive at least 50% off their business rates bills in 2022-23.”
Up to 400,000 retail, hospitality and leisure properties will be eligible next year, the government has said.
