News
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30% business rates cut for high street hospitality and leisure venues
- Wealth of venues across Wales to see business rates cut by 30% from 1 April 2027.
- Small and medium-sized businesses with a rateable value below £51,000 to benefit with change fully funded.
- First Minister: This gives businesses “the confidence to invest, grow and keep serving the communities that rely on them.”
Wales plugs in to a decade of rates relief to power up EV charging
Electric vehicle charging bays and forecourts across Wales will benefit from full non-domestic rates relief until 2036.
Review on holiday let tax rules to support tourism and local communities
- Review of the 182-day letting threshold to give businesses, local authorities and other stakeholders a say on the future direction of the policy.
- Views also sought on five proposed new exemptions for properties that could not reasonably serve as permanent homes.
- Finance Minister: “I am committed to getting the balance right – keeping homes in our communities while giving tourism the support it needs to thrive.”
Statement from the Cabinet Minister for Finance
The Cabinet Minister for Finance Elin Jones said:
From classrooms to hospitals: £294m investment in new Government’s priorities
- New funding for social housing, school buildings and community facilities confirmed today
- Budget brings together full package of investment for the year ahead
- Builds on NHS, childcare and free school meals announcements made last week
Overnight line: Welsh Government First Supplementary Budget 2026-27
The Welsh Government's First Supplementary Budget 2026-27 will be published later today, setting out targeted allocations of extra revenue and capital to fund the Government's key priorities.