Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, if he will take steps to reduce the rate of pub closures.
The Government recognises the significant pressures facing pubs and we are providing support through various measures to help ease these pressures.
We've introduced permanently lower 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.
The Chancellor announced a new National Licensing Policy Framework as part of her budget. This sets out a vision for a proportionate licensing system that supports good businesses while continuing to tackle bad operators.
We're also investing £440,000 with Pub is The Hub to help rural pubs diversify, aiming to support rural communities, create new jobs and services.