Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support local pubs.
The Government recognises the significant role hospitality businesses, including local pubs, play in driving economic growth, employment and community cohesion across the UK. That is why we are offering targeted support for the sector.
We have permanently lowered tax rates for retail, hospitality and leisure properties with a ratable 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. To support with any bill increases due to rateable value changes, at the Budget, the Government announced a support package worth £4.3 billion over the next three years.
The Chancellor also announced a new National Licensing Policy Framework as part of the budget. This sets out a vision for a proportionate licensing system that supports good businesses while continuing to tackle bad operators.