THE LEADING PUBLICATION FOR THE HOSPITALITY SECTOR & LICENSED TRADE Issue 280
Issue 251 www.CLHNews.co.uk
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Reform Our Rates: Over 600 Pubs Call On Chancellor To Modernise Unfair Tax System
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The Bowden Group Hospitality Business Mentoring since 1989
Landlords of 613 pubs have signed an open letter to the Chancellor urging her to reform business rates to provide “breathing space to invest” in their pubs. The letter calls for a specific, lower business rates multiplier for all pubs at the Autumn Budget, giving them a 20p discount on their current rate.
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Across Greene King’s managed pub estate, the move could realise £13.7m in immediate annual savings if introduced at the Budget, or an average of £10,000 per pub. The publicans, who operate 613 pubs owned by Greene King in all corners of England, argue the discount on business rates would “recognise the unique economic and social value pubs bring to communities across the UK” and “provide
immediate relief” to their businesses. Business rates are set to rise for many pubs next year as a result of upcoming property revaluations and the removal of temporary relief. If the Chancellor does not introduce a lower business rates multiplier, publicans are set to pay thousands of pounds more. The letter follows on from a August survey conducted by the British Beer & Pub Association (BBPA) which revealed that Britons believe the current tax system is failing the nation’s pubs, nearly three-quarters of those polled consider business rates unfair – and more than half would back a political party that cuts pub taxes.
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