Hospitality Industry and Retail Trade: Business Rates
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the cost of (a) the potential business rates relief for pubs and (b) the cost of extending this relief to (i) the hospitality sector and (ii) the retail sector.
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.
Final costings will be confirmed at a fiscal event in the usual way.
The retail and hospitality sectors will continue to benefit from the £4.3 billion support package announced at Budget. This support package means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
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