Hospitality Industry: Business Rates
The question
To ask the Chancellor of the Exchequer, with reference to the No10 press release entitled Burnham means business: PM slashes business rates bills for pubs, clubs and live music venues, of 23 July 2026, what the Rateable Value threshold is for the cut-off point for the 20% reduction; and whether the cut-off will (a) be tapered and (b) apply to live music venues, large pubs and clubs.
Answered by Treasury
The Government recognises that pubs and live music venues have faced significant pressures in recent years. Earlier this year, the Government cut every pub, social club and live music venues bill by 15 per cent and ensured bills will be frozen in real terms for a further two years.
The Government is now going further by introducing an additional 20 per cent cut for all pubs, social clubs, and all but the very largest live music venues, building on the support already in place.
The further 20 per cent cut from April 2027 will exclude the very largest music venues. The Government is targeting support where it is most needed and where it will have the greatest impact on local high streets, town centres and community life.
The vast majority of music venues are expected to benefit. Further details on targeting will be set out at Budget.
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