Pubs will get a 15 percent discount on their business rate bills from April, with rates frozen for a further 24 months after that the Government has announced this afternoon
The Treasury Minister Dan Tomlinson revealed the news as part of a £100m package to help the industry severely hit by the last budget announcement
The package was criticised with opponents saying it needed to go further to cover hotels and restaurants
Oldham MP and ex-communities minister Jim McMahon urged Tomlinson to “get it right and have a wider support package.”
In reply Tomlinson said the government is reviewing how hotel business rates are valued, since their valuation formula, like pubs, differs from that of other businesses.
“Today’s announcement provides some respite for pubs but we now need to see urgent action to tackle rising costs facing all of hospitality.” said Hospitality U.K.
While former GM Nighttime Czar Sacha Lord wrote on X
“The support package being announced today, is far too little and too late.Firstly, it’s only for pubs and an average of 2.2k a pub, which won’t even touch the sides.But why ignore the rest of Hospitality, restaurants, cafe, hotels, live music venues etc?The Chancellor just wants a cheap headline, leaving an entire industry up in arms.”
