Burnham offers 20% cut in business rates for pubs, clubs and live music in England – UK politics live
Summary
The UK government, led by Prime Minister Andy Burnham, will reduce business rates by 20% for pubs, clubs, and live music venues in England starting next April. This move aims to help local venues facing rising costs and is part of a £100 million plan funded by reviewing other business reliefs, benefiting about 32,000 venues.Key Facts
- Business rates for pubs, clubs, and live music venues in England will be cut by 20% from April next year.
- The government estimates the average pub will save about £1,100 in the next financial year.
- The £100 million support package will be funded by adjusting reliefs for businesses not contributing positively to communities, such as vape shops.
- Nearly 32,000 venues will benefit from the rate cut, but the largest live music venues are excluded.
- Hospitality groups support the plan, saying it helps businesses invest and create jobs amid financial challenges.
- Previous increases in business rates have been very large, with some venues seeing rises of 100% to 150%.
- Additional government measures include capping bus fares and cutting VAT on electricity bills.
- The government plans to reform the wider business rates system and crack down on tax avoidance by online sellers.
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