#1 out of 4
politics1d ago
Rachel Reeves says she is 'working intensely' on pubs bailout
- Reeves says she is 'working intensely' on a pubs bailout amid rising business rates.
- The package is expected to be temporary, with wider hospitality relief not yet guaranteed.
- About 5,100 pubs could see a 100% rise in rateable value, increasing bills.
- Treasury signalled a major U-turn on pubs following rate rise warnings.
- UK Hospitality warned six venues could close daily without broader relief.
- VoA data indicated significant rate value increases for pubs.
- Chancellor confirmed an 'additional support coming' for pubs.
- Commentary on broader relief for hospitality remains unresolved.
- Budget officials noted revaluation work influenced rate changes.
- Health and hospitality groups urge a wider review of business taxation.
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