Public Houses: Business Rates
The question
To ask the Chancellor of the Exchequer, if she will consider reducing the multiplier for pubs to 20p below the standard multiplier.
Answered by Dan Tomlinson
From April, every pub and live music venue will get 15% off its new business rates bill on top of the support announced at Budget and then bills will be frozen in real terms for a further two years.
Three-quarters of pubs will see bills flat or falling in April. The new relief is worth £1,650 for the average pub next year. As a sector pubs will pay 8% less in business rates in 2029 than they do right now.
The Government will also launch a review on how pubs are valued for business rates.
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