Prime Minister Andy Burnham has announced a cut in business rates for pubs, clubs and live music venues, describing the measure as a “first step” towards supporting struggling businesses and protecting what he called “working-class culture.”
The policy forms part of the government’s broader plan to stimulate economic growth across the country by reducing the financial burden on local businesses, revitalising high streets and helping communities thrive.
The business rates cut is expected to benefit about 32,000 hospitality businesses nationwide, providing relief to a sector that has faced rising operating costs in recent years.
Announcing the measure on Thursday, Burnham said a typical pub could save about £1,100 a year, stressing the importance of preserving community spaces and local businesses.
“For too long, governments have stood by while cherished venues have disappeared from our local high streets. So today I am changing that,” he said.
“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.”
The announcement came during Burnham’s first week in office and forms part of his “cost of living government” agenda, which is aimed at easing financial pressures on households and businesses while supporting local economic growth.