Public Houses: Urban Areas
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support independent pubs in urban areas.
Answered by Kate Dearden
The Government recognises the significant role hospitality businesses play in driving economic growth, employment and community cohesion across the UK. That is why we are offering targeted support for the sector.
We've permanently lowered tax rates for retail, hospitality and leisure properties with a rateable value under £500,000, worth nearly £900 million annually, benefitting over 750,000 properties. The new relief rates are permanent, giving businesses certainty and stability, and there will be no cap so all qualifying properties will benefit. The government has also introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation.
The Chancellor announced a new National Licensing Policy Framework as part of her budget. This sets out a vision for a proportionate licensing system that supports good businesses while continuing to tackle bad operators.
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