Will the Minister confirm how much would it cost the Welsh Government to restore business rates relief to 75 per cent from 40 per cent?
Answered by Minister for Finance and Local Government | Answered on 12/02/2024
The estimated cost to the Welsh Government of setting Retail, Leisure and Hospitality Rates Relief for 2024-25 at 75 per cent would be £128 million. This is £50 million more than the £78 million already allocated for the provision of additional relief to these sectors.