New PM cuts business rates for UK pubs in latest cost-of-living measure
Summary
New UK Prime Minister Andy Burnham announced a 20% cut in business taxes for pubs, clubs, and live music venues to help them during the cost-of-living crisis. This is his third major policy in a few days, including plans to cap bus fares and remove VAT on household electricity bills.Key Facts
- Andy Burnham became UK Prime Minister in July 2026.
- He announced a 20% cut in business rates, a local tax on firms, for pubs, clubs, and live music venues in England.
- The tax cut aims to save about 32,000 hospitality businesses around £1,100 (about US$1,400) per year each.
- This measure will start in April 2027.
- The cost of the tax cut, estimated at £100 million (US$133 million) annually, will be funded by reducing tax relief for vape shops and gambling arcades.
- Burnham called pubs important to communities and said businesses causing "social harm" would be treated differently.
- The Conservative Party questioned how the tax cut would be paid for and noted previous business rate reductions were cut under Labour.
- Burnham’s announcements also include a bus fare cap and removing VAT on electricity bills to help with the rising cost of living.
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