A laminated film for a reflecting plate is provided that comprises a layer A and a layer B, the layer A comprising a polyester that comprises substantially no antimony element and preferably comprises 1 to 25 wt % of inert particles having an average particle diameter of 0.3 to 3.0 μm and the layer B being in contact with the layer A and comprising a polyester which preferably comprises 31 to 80 wt % of inert particles having an average particle diameter of 0.3 to 3.0 μm. This laminated film has a practically satisfactory capability of reflecting visible light, can be produced stably even if inert particles are added in high concentration, hardly has streak-like defects, and can be suitably used as a substrate for a reflecting plate for a liquid crystal display or an internally illuminating electrical billboard.