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‘It’s a hospitality-wide problem’: night-time traders react to business rates relief plan

about 9 hours ago
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Gyms, local shops, restaurants, nightclubs and pharmacies have criticised the government for not extending business rates support beyond pubs and live music venues.The Treasury announced on Tuesday that every pub and live music venue in England would get 15% off its new business rates bill from 1 April, worth an average of £1,650 for each, with bills frozen in real terms for a further two years.However, there was no support announced for other sectors affected by the changes to rates, although there will also be a review of the methodology used to calculate how much hotels should pay alongside a parallel review for pubs.Leading trade bodies said that those overlooked still faced “severe challenges”.They accused ministers of having “suffocated employment opportunities” and said the decision to focus help just on pubs was “simply outrageous”.

Michael Kill, the chief executive of the Night Time Industries Association, which represents nightclubs, restaurants and bars, said the support amounted to “little more than a drop in the ocean when set against the reality of the current tax system and the cumulative damage inflicted by the last two budgets”.He said his sector had “been savaged by rising business rates, VAT, alcohol duty, employment costs and licensing fees”, asking: “This limited, narrowly targeted relief raises a serious question: what will this actually do for the hospitality and night-time economy as a whole?”UKHospitality, which represents thousands of restaurants, pubs, hotels and cafes, said: “The rising cost of doing business and business rates increases are a hospitality-wide problem that needs a hospitality-wide solution.”Its chair, Kate Nicholls, said: “The reality remains that we still have restaurants and hotels facing severe challenges from successive [chancellor’s] budgets.”She said that without “substantive solutions that genuinely reduce their costs” those businesses would face “increasingly tough decisions on business viability, jobs and prices for consumers”.Henry Gregg, the chief executive of the National Pharmacy Association, which represents 6,000 independent community pharmacies, said the increase in rates for its members would push some “to the brink of collapse”.

“It’s simply outrageous that the government should offer business rate relief to pubs but ignore pharmacies that play a vital health role on thousands of our high streets,” he said.Gyms and other sports operators were also concerned at being left out.Huw Edwards, the chief executive of the trade body ukactive, said: “Gyms, pools and leisure centres are the driving force of physical activity in the UK, with over 600 million visits in the last recorded year – taking pressure off the NHS and fuelling consumer spending, employment and high street renewal.“Instead of supporting this industry success story, the government has done the opposite and made these essential community facilities absorb two regressive budgets that have piled on operational costs and suffocated employment opportunities.”He said business rates for some of its members would rise by as much as 60%, forcing many “to increase prices for consumers at a time of growing health inequalities”.

Nicolas Denby from the independent gym Sleven Fitness in Vauxhall, who works with 150 independent gyms, mostly in London and the south-east, on the GymSync fitness competition, said their average uplift in business rates bill this year was expected to be 145%.“That’s ridiculous.It has to be paid if the business does well or not.It’s a really difficult situation,” Denby said.While many large retail chains, including Waterstones, have said their bills will not rise overall, the chief executive of the Association of Convenience Stores, James Lowman, said: “Local shops will feel neglected and dismissed by this government today as they are passed over for additional support.

“For those facing rates increases in April of thousands of pounds, difficult decisions will have to be made about investment, employment opportunities and the services that are provided to customers.”The government was contacted for comment.
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Pubs and live music venues to get support after business rates backlash

The Treasury has announced a support package worth more than £80m a year for pubs and live music venues in England, in a climbdown that follows a fierce backlash against plans to overhaul business rates.Trade bodies had warned that Rachel Reeves’s changes to business rates, announced at the chancellor’s November budget, would trigger widespread closures and job losses in the hospitality sector, particularly in pubs.On Tuesday, the government announced financial support to mitigate the effect of the rates shake-up, after officials admitted they had not foreseen its total financial impact.The package is expected to be worth more than £80m a year, over three years, for pubs and gig venues. It will only apply to England but the government said extra funding would be freed up for Scotland and Wales to follow suit

about 10 hours ago
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Treasury announces business rate support package worth more than £80m a year – as it happened

The Treasury has unveiled a support package worth more than £80m a year for pubs and live music venues in England and Wales, in a climbdown that follows a fierce backlash against plans to overhaul business rates.Trade bodies had warned that Rachel Reeves’s changes to business rates, announced at the chancellor’s November budget, would trigger widespread closures and job losses in the hospitality sector, particularly in pubs.On Tuesday, the government announced financial support to mitigate the effect of the rates shake-up, after officials admitted that they had not foreseen its total financial impact.The package, final details of which were still being hammered out on Monday night, is expected to be worth more than £80m a year, over three years, for pubs and gig venues.Dan Tomlinson, the exchequer secretary to the Treasury, said every pub in England and Wales would get 15% off its new business rates bill from 1 April, worth an average of £1,650 for each

about 10 hours ago
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The value of the Australian dollar is high right now. So should you book that overseas trip?

In a year of extraordinary global news, and more of it bad than good, it may be surprising that the Australian dollar is proving a world beater.The Aussie has hit some impressive milestones of late: the strongest against the US dollar in nearly two years, the highest against the euro in 10 months, and approaching the strongest in decades against the yen.Ray Attrill, the head of foreign exchange strategy at National Australia Bank, says the Aussie has outperformed every other major currency in 2026.“So far this year it has been a case of there’s nothing not to like about the Australian currency,” Attrill says.It’s been good news for overseas travellers and shoppers looking to buy from overseas websites

about 12 hours ago
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Can’t decide on a food delivery? Just Eat launches AI chatbot to help you choose

In the beginning, collecting a takeaway was the epitome of a lazy night in. Then delivery apps saved some more energy. Now, consumers can skip even bothering to read the menu as AI takes over the job of choosing the perfect evening meal.Just Eat is introducing an AI voice assistant that lets customers discuss what they might be interested in eating, and then offers personalised recommendations.The food delivery company is launching what it calls a “personal food concierge” within Just Eat’s existing chat function on its UK app on Tuesday

about 13 hours ago
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‘Mother of all deals’: EU and India sign free trade agreement

India and the EU have finalised a landmark free trade agreement, which the European Commission president, Ursula von der Leyen, hailed as the “mother of all deals”.The agreement comes after almost two decades of on-off negotiations between India and the EU, which vastly accelerated in the past six months and were finally concluded late on Monday night.The deal is expected to open up India’s vast and traditionally tightly guarded market to the 27 nations in the bloc, with a focus on manufacturing and the services sector. It will ease market access for key European products, including cars and wine, in return for easier exports of textiles, gems and pharmaceuticals.The agreement is expected to double EU exports to India by 2032 by eliminating or cutting tariffs in 96

about 14 hours ago
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First of its kind ‘high-density’ hydro system begins generating electricity in Devon

A hillside “battery” outside Plymouth in Devon has begun generating electricity using a first of a kind hydropower system embedded underground.The pioneering technology means one of the oldest forms of energy storage, hydropower, can be used to store and release renewable energy using even gentle slopes rather than the steep dam walls and mountains that are usually required.The design means the principles of hydropower could be used as a form of “long duration energy storage” in many more locations across the UK, and the world, than traditional hydropower dams. The projects could be quicker and cheaper to build too.Engineers at RheEnergise built the project to mimic the UK’s traditional hydropower plants, which have powered the grid for decades by using electricity to pump water uphill when power supplies are abundant, and later releasing the water back down through turbines to generate electricity when supplies are short

about 20 hours ago
societySee all
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One in four adults in England do not drink alcohol, survey finds

about 9 hours ago
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EHRC single-sex spaces guidance being adapted under ‘constructive’ new chair

about 16 hours ago
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Temporary accommodation in England is ‘torture’ for neurodivergent children, report finds

1 day ago
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NHS England to trial AI and robotic tools to detect and diagnose lung cancer

1 day ago
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Record number of people in UK live in ‘very deep poverty’, analysis shows

1 day ago
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Most young adults in UK are anxious about jobs and the economy, research suggests

1 day ago