Higher business taxes to cost pub sector £150m and threaten jobs – analysis

Higher business taxes to cost pub sector £150m and threaten jobs – analysis

Firms will end up paying more despite business rates being lowered in the Budget, industry bosses are warning.

Small Pub Owners Warn of Sharp Cost Increases After Business Rates Changes

Rising Costs Despite Government PledgesA pub owner in the south east of England says his business will face an additional £62,000 per year in costs following changes to business rates announced in the Budget. Phil Thorley, who runs the Thorley Taverns pub group, said rates will rise for 17 of his 18 sites despite Chancellor Rachel Reeves’s pledge to lower taxes for retail, leisure, and hospitality firms by increasing the levy on higher-value pro…