Officials have been progressing work to establish the review and are engaging stakeholders across the pubs and hotels sectors.

The review is considering whether current approaches to valuation accurately reflect the market, are applied consistently, and are sufficiently transparent to ratepayers. This includes consideration of the evidence underpinning the valuation methodology for Pubs and Hotels.

The Government intends for the review to conclude to allow any findings to inform the next revaluation cycle.

In the meantime, the Government is supporting ratepayers. At the Budget in 2025, we introduced a support package worth £4.3 billion and introduced new permanently lower multipliers for eligible retail, hospitality and leisure properties.

Beyond this support, the government has introduced a 1-year 15 per cent relief for all pubs and live music venues in 2026/27. For the following two years, their bills will be frozen in real terms.