Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how the cost of the additional business rates support for pubs will be funded.
From April, every pub and live music venue will get 15% off its new business rates bill on top of the support announced at Budget, ahead of their bills being frozen in real terms for a further two years. The cost of this support will not impact other sectors’ bills.
Final costings will be confirmed at a fiscal event in the usual way.