The Government has announced plans to cut Business Rates by 20% for pubs, clubs and some live music venues in England from April 2027. The measure is expected to save a typical pub around £1,100 a year, with approximately 32,000 businesses set to benefit.
Commenting on the announcement, Family Business UK CEO Neil Davy said:
“It is encouraging that the Government has recognised the pressure business rates are placing on firms at the heart of our communities. This move will provide some welcome relief for pubs and other venues which are the focus of thousands of communities across the country.
“However, this will only go some way towards addressing the enormous cost increases these businesses are facing elsewhere in their business – such as employment costs.
“While it is a welcome step, this is a targeted relief that will not apply to many family-run hotels, retailers and other high-street firms that have been equally hit by increases in Business Rates.
“Family Business UK has made a clear case for a fundamental redesign of Business Rates to create a progressive system that reduces regional disparities, incentivises investment and treats all businesses fairly – whether they are family-run, bricks-and-mortar businesses or out-or-town warehouses.
“We look forward to working with government to design a system that works for everyone.”