Reeves: 'We've got to do more to protect pubs'

ODN

Chancellor Rachel Reeves says that the Treasury's decision to give pubs 15% off its business rates bill from April is part of the government's additional support for the industry - but adds that "we've got to do more to protect our pubs". Report by Ketchs. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00In the budget we've reformed how the business rates system worked and we put in £4.3 billion

00:05to support businesses as we start to unwind the pandemic era support and that's the right thing

00:12to do because that pandemic support can't continue forever but we recognise that after the pandemic

00:20valuations of many pubs have increased sharply and that's put pressure on pubs so we've announced

00:26this additional support today around just under £100 million in the first year and we've

00:32committed to publish a high street strategy and to look at the methodology for hotels as well so

00:39we do understand some of those specific concerns. Pubs are different, they are a huge community asset

00:457,000 pubs are closed under the last Conservative government and we've got to do more to protect our pubs.

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