Transforming business rates: the government's priorities for reform picked apart

The government today published its long-awaited response to the Transforming Business Rates Discussion Paper, setting out the shape of reforms ahead of the 2026 revaluation. For landlords and investors, the implications are significant: while permanent discounts for the high street will continue to dominate the headlines, the deeper questions are about how the system evolves to support – or hinder – investment.