Summary
Pub owners in the UK are urging the government to find long-term solutions for high business rates, rather than temporary fixes. A recent meeting of over 40 hospitality businesses highlighted concerns about rising costs and potential closures.
Key Facts
- Pub owners want a fair, permanent solution for high business rates, not just temporary relief.
- Some pubs are facing large increases in business rates, with some expected to double.
- More than 40 business owners attended a meeting in the Forest of Dean to protest the rate hikes.
- Many pub owners are considering cutbacks or even closing due to rising costs.
- In November's budget, the government planned to reduce tax discounts and adjust pub rateable values.
- The rateable value for many pubs has been increased, impacting their tax costs.
- The government is considering smaller rate increases after receiving backlash from pub owners.
