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Pubs to get support package after business rates backlash
The UK government will reduce business rates by 15% for pubs and music venues in England with a two-year freeze, costing £80 million in the first year, supporting community hubs.
- On January 27, the UK government announced pubs and music venues in England will get a 15% reduction in business rates from April and bills will be frozen in real terms for two years.
- After backlash to November's Budget, industry groups warned pubs in England could face a 76% or £7,000 increase in business rates bills over three years.
- The package will cost £80m in its first year, officials estimate the support will be worth £1,650 for the average pub next year, and the government pledged a Valuation Office Agency review.
- Mark Davyd of Music Venue Trust welcomed grassroots inclusion but noted unclear long-term impact, Shadow Chancellor Mel Stride called it a `sticking plaster`, and critics urged support expansion beyond pubs.
- Almost half of pubs in Wales will continue to benefit from rates relief next year, with over a quarter paying no rates, prompting calls for Welsh Government support, UKHospitality Cymru said.
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Total News Sources14
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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