Reeves said her measures would reduce business rates for “over 750,000” high street businesses, promising the "lowest rates since 1991", but analysis by the Treasury suggests only 23% will see their bills go down.
Less than a quarter of businesses set to benefit from chancellor's business rate concessions
Economy
Gary Noakes
26 November 2025
Less than a quarter of businesses will be eligible for the reduced business rates chancellor Rachel Reeves promised in her Budget speech on Wednesday (26 November).
(Credit: iStock / Circle Creative Studio)
(Credit: iStock / Circle Creative Studio)
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