At the budget on 26 November 2025, the Chancellor announced the move from two to five multipliers from 2026/27.

Relief replacements

The new multipliers will replace the discretionary Retail, Hospitality, and Leisure (RHL) relief with a more permanent solution for ratepayers.

Live music venues and pubs

In January 2026, the government announced that eligible pubs and live music venues in England would receive a 15% reduction on their business rates bills for the 2026/27 financial year.

They also announced that eligible pubs and live music venues’ business rates bills would be frozen in real terms in 2027/28 and 2028/29.

Other changes

The budget also included changes to:

• Small Business Rate Relief
• Transitional Relief
• Supporting Small Business Relief

For more information about these changes, visit the government website.