Property law

Discount denied: 'It leaves us with no breathing space. Essentially the discount is totally irrelevant to us,' Phil Urban, CEO of M&B, said (Image: selensergen/Getty Images)

‘Business rates cap will harm pub revival’

By Stuart Stone

The Government must re-consider its proposed £2m business rates relief cap or face the continued “systemic closure” of pubs, according to Colliers International’s head of business rates.

Relief effort: Under the Australian scheme, the government has made it mandatory for landlords to agree to a reduction in rent payable, of up to 100%, in proportion to the reduction in the tenant’s business during Covid-19 (Image: flyparade/Getty Images)

Calls for adoption of Australian rent relief model

By Georgi Gyton, MCA

A group of hospitality operators and property agents are calling on the Government to implement the same rent relief scheme as has been adopted in Australia, according to reports by MCA Insight.

Community spirit: The Plunkett Foundation revealed that £4m was raised in community shares to save local pubs during 2020

13 community-owned pubs opened in 2020

By Stuart Stone

A new report from community business charity The Plunkett Foundation has uncovered increased demand for support to help communities regain control of essential local services over the past year.

Future plan: the business rates holiday has been extended until June when it will be tapered (image: Getty/Zerbor)

Spring Budget 2021

Business rates holiday will now end in June

By Nikkie Thatcher

Pubs will not have to pay any business rates until June this year – an extension of three months, Chancellor Rishi Sunak has announced in the spring Budget.

Property moves: which sites have been reopened, revamped or changed hands in the past week?

Property round-up

Red Oak Taverns hits 190 sites, Revived Inns adds Sussex site

By Stuart Stone

The latest property round-up includes new sites for Red Oak Taverns and Revived Inns, as well as updates on the City of London’s outdoor dining licence fee waiver and the lease forfeiture moratorium.

Estimated cost: real estate adviser Altus Group worked out the business rates holiday for this financial year amounted to more than £10bn

Treasury signals rates relief

By Nikkie Thatcher

Councils have been urged not to issue business rates bills ahead of the new financial year on 1 April, until after the Budget on 3 March.

Vanishing act: more than 400 pubs 'disappeared' from communities in 2020

37 pubs a month ‘vanished’ in 2020

By Nikkie Thatcher

Some 446 pubs ‘vanished’ from communities in England and Wales last year, equating to an average of 37 a month, new figures show.