Live, rolling coverage of business, economics and financial markets as government says it will review reliefs for ‘anti-social’ businesses
Pubs, clubs and live music venues might be happy with the tax relief announced by Andy Burnham, but other hospitality businesses are left out.
Kate Nicholls, chief executive of UK Hospitality, told the Guardian:
We welcome this as a positive down payment on the PM’s commitment to support hospitality and his pledge to return to look at this again at the budget. While support for pubs, bars and live music is welcome, [it misses out] the restaurants, cafes and hotels which are the heart of our communities and backbone of the high street.
So if the PM truly wants to to deliver a high street renaissance and growth in every postcode then we need to look at a business rates cut for the whole of hospitality and tackle the broader cost of doing business. We’ve seen £6bn extra taxes across the sector in the last two years so we need more.
Having worked closely with the new Prime Minister’s team over recent weeks, it is encouraging to see a positive outcome from genuine engagement with the sector. The inclusion of clubs alongside pubs and live-music venues is particularly important and demonstrates a broader recognition of the vital economic, cultural and social contribution made by the night-time economy.
This is the third major policy announcement in as many days from the new government. Together, these interventions have undoubtedly begun to shift confidence across the sector and created renewed optimism that our concerns are being heard.
For too long, governments have stood by while cherished venues have disappeared from our local high streets. So today I am changing that.
This government will back the businesses that people want to see in their communities. I said I would protect pubs and local high streets – the beating heart of our communities – and that’s what we will do. What we’re announcing today is just the start as we work to bring back hope across the country.
11am BST: UK Confederation of British Industries industrial trends orders (July; previous: -45; consensus: -40)
1:15pm BST: European Central Bank interest rate decision (consensus: no change)
1:45pm BST: European Central Bank press conference
Source: The Guardian World — This article was automatically imported from the source. Read full article at original source →
