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Trade Bodies Warn Pubs Face Higher Business Rates Despite Reeves’ ‘Lower Taxes’ Pledge

Revaluation combined with the loss of capped relief is set to push many bills up next year.

Overview

  • BBPA analysis projects an extra £150 million in rates for pubs next year, equating to roughly 12,500 jobs at risk.
  • UKHospitality says the average pub’s bill will rise about 15% in 2025–26, adding around £1,400 and increasing further in later years.
  • Case studies highlight steep hikes following revaluation, including The Fox and Coney jumping to a projected £47,300 and The Squirrels rising to £86,000.
  • The current 40% discount ends on March 31 and is replaced by a sector-specific multiplier set 5p below the standard rate that ministers say delivers the lowest rates since 1991.
  • The Treasury cites a £4.3bn package and VOA revaluation rationale, while industry leaders label the messaging “disingenuous” and some venues raise prices, such as a 20–30p increase per pint at The Hog at Horsley.