The Government has confirmed the planned revaluation of business rates will no longer take place next year due to coronavirus.

It is understood that the Government is exploring whether to introduce a revaluation in 2022, which, as it currently stands, is required by law.

Local government secretary, Robert Jenrick, said: ‘We have listened to businesses and their concerns about the timing of the 2021 business rates revaluation and have acted to end that uncertainty by postponing the change.

'Now is the time for us to continue to focus on supporting businesses affected by the pandemic, including through our unprecedented package of almost £10bn in business rates relief.'