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Chancellor’s £1,000 rates discount will ‘save 25% of pubs’

By Claire Churchard , 13-Mar-2017
Last updated on 13-Mar-2017 at 17:37 GMT2017-03-13T17:37:26Z

Concerns: two fifths of pubs said they are ‘just about managing’ or ‘struggling’
Concerns: two fifths of pubs said they are ‘just about managing’ or ‘struggling’

The £1,000 business rates discount, unveiled by the Chancellor of the Exchequer last week, could be the difference between survival and closing down for 25% of small independent pubs, according to a snap poll of 100 sites.

The online poll, conducted with customers of software provider Epos Now, also showed broad support for the temporary relief with six out of 10 pubs reporting they thought it would have a positive impact.

However, 50% of respondents said the Chancellor ‘could have gone further’ by completely revising the business rates system to make it ‘fairer’ and 15% said Chancellor Philip Hammond ‘could have made the rate decrease a permanent fixture’.  

Small pubs matter

More worryingly, two fifths of pubs said they are ‘just about managing’ or ‘struggling’.

Epos Now chief executive Jacyn Heavens said the Chancellor’s practical support for pubs was helpful but said that the sector needed more help to safeguard its long-term future.

“Small pubs matter to the UK economy because they help boost communities and bring with them jobs and investment. The Chancellor needs to listen to their concerns and focus on measures like a revamp of business rates that will deliver real long-term benefits across the sector,” Heavens said.

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