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Rachel Reeves to announce £300m bailout for pubs
The £300 million package offers pubs a 15% business rates cut from April to ease an average 76% rate hike warning, with support planned through 2029, officials said.
- Chancellor Rachel Reeves is set to announce a £300 million bailout for pubs, providing around £100 million annually until 2029.
- The support aims to mitigate the impact of tax changes that pubs warned could lead to closures, job losses, and price hikes.
- However, other hospitality businesses like restaurants and hotels are expected to miss out on this support despite facing similar challenges.
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Labour finally confirms long-awaited support package for pubs as sector continues to struggle
Labour has finally confirmed a support package of business rate relief for pubs, as the hospitality industry weathers a storm of rising operating costs and declining footfall.From April, pubs will have their bills frozen for two years.The long‑anticipated announcement has sparked backlash from live music venues and hotels, which say the wider hospitality sector faces the same pressures as pubs.The package includes the relaxing of licensing rules…
·London, United Kingdom
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Total News Sources19
Leaning Left5Leaning Right4Center3Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 25%
R 33%
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