US EditionGovernment needs to overhaul ‘unfair’ business rates, says Greene King boss
- Nick Mackenzie, the boss of Greene King, stated that the Government must reform business rates for pubs to prevent closures and job losses in the sector.
- The British Beer and Pub Association estimates that 378 pubs will close this year, resulting in over 5,600 direct job losses.
- Greene King is requesting a 20p discount on their business rates at the Autumn Budget to encourage investment and job creation.
- Mackenzie emphasized that the current business rates system is 'unfair' and should focus on profitability to support pub sustainability.
10 Articles
10 Articles
Rates change could free millions for growth, Greene King finds
Greene King has called on the government to overhaul business rates in the Autumn Budget, claiming its proposals could release £13.7m for investment in its pubs and communities. It comes as the pub company published a report earlier this week that set out the financial pressures facing the sector, including what it described as “unsustainable” business rates and rising National Insurance costs, which it said were limiting growth. In light of thi…
Business rates reform needed now, says Greene King boss - Beer Today
Greene King has unveiled policy proposals on business rates that could unlock millions of pounds to drive growth through investment in UK communities. In a new report, the pub owner and brewer lays bare the growing financial challenges facing pubs, from escalating National Insurance contributions to unsustainable business rates. It says these are limiting the sector’s ability to invest in communities. Five months before the chancellor delivers h…
Tax pubs on profit, not turnover, says Greene King boss as industry battles mounting closures – Your Capital Minds
The chief executive of Greene King has called on the government to overhaul the “unfair” business rates system, urging a shift from turnover-based calculations to a profit-linked model to better support the struggling pub sector. Nick Mackenzie, CEO of the pub and hospitality giant, said the current structure—where pubs are taxed on the assumed turnover of their properties rather than actual profitability—was hastening the decline of high street…
Tax pubs on profit, not turnover, says Greene King boss as industry battles mounting closures
The chief executive of Greene King has called on the government to overhaul the “unfair” business rates system, urging a shift from turnover-based calculations to a profit-linked model to better support the struggling pub sector. Nick Mackenzie, CEO of the pub and hospitality giant, said the current structure—where pubs are taxed on the assumed turnover of their properties rather than actual profitability—was hastening the decline of high street…
Pub bosses in joint call for 'urgent' tax reform
Pub bosses have called for urgent reform of the business rates system, arguing that the levy places unfair pressure on hospitality venues at a time of rising costs across the board. Greene King boss Nick Mackenzie said that business rates should be “fundamentally reformed” so that the tax – which applies to all commercial venues – is based on a pub’s profit rather than its turnover. Mackenzie said that reform was essential to “ensure the system …
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