Reviews of business rates across England mean many pubs are being hit with a massive new financial burden, which in some cases could only be covered by them selling thousands of extra pints of beer every year. The Government introduced a welcome one-off £1,000 discount scheme for some pubs in the latest Budget, but more action is needed to keep pubs afloat.
Teresa Pearce MP said:
“Pubs are a force for good in Erith & Thamesmead and across the UK. Pubs are at the heart of our communities and the local economy, but they are struggling under the weight of a growing tax burden, with each paying nearly £140,000 on average in tax every year.
“In Erith & Thamesmead we have 28 pubs and the industry supports over 400 jobs. These establishments need all the help they can get, which is why I’m asking the Chancellor to do whatever he can to support them in the Autumn Budget.”