Public Houses: Ashfield

(asked on 24th October 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department is taking to help support pubs in Ashfield constituency.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 1st November 2024

Pubs make an enormous contribution to our economy and society, and this is recognised in the tax system.   

At the Autumn Budget, the Chancellor cut alcohol duty on qualifying draught products – approximately 60% of the alcoholic drinks sold in pubs. This represents an overall reduction in duty bills of over £85m a year and is equivalent to a 1p duty reduction on a typical pint. This reduction increased the relief available on draught products to 13.9%.
    
The Chancellor also confirmed her intention to introduce permanently lower business rates for high street retail, hospitality, and leisure (RHL) properties, including pubs, from 2026-27, and in the interim extend the current RHL relief for 1-year at 40%, up to a cash cap of £110,000 per business.

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