Angela Rayner has increased pressure on the Government to provide more support to the nighttime economy, highlighting the challenges faced by struggling venues due to escalating costs.
Former Deputy PM Angela Rayner emphasized the burdens imposed by business rates, VAT, and minimum wage increments on the industry. She urged Keir Starmer to appoint a dedicated minister to oversee the sector, emphasizing the need to work collaboratively with industry stakeholders on policy design.
Manchester Mayor Andy Burnham also voiced his concerns, advocating for a broader exemption from business rates for all hospitality venues to maintain a diverse economic landscape.
In response to criticism from landlords following the Budget decision to reduce pandemic-era discounts, Rachel Reeves announced a 15% discount on business rates bills for pubs, potentially saving landlords up to £1,650 in the upcoming fiscal year. The initiative aims to support live music venues, with calls for broader application across the hospitality sector.
The Mirror has been actively supporting the industry through its Your Pub Needs You campaign, advocating for increased governmental assistance.
Following the recent announcement of a 15% business rates discount and a two-year freeze, Angela Rayner proposed further measures to address the industry’s challenges comprehensively.
Ms. Rayner stressed the need for urgent action to alleviate the pressures faced by the sector, calling for a proactive approach to licensing and the appointment of a dedicated minister for the nighttime economy.
Both Ms. Rayner and Mr. Burnham emphasized the vital role of the hospitality sector in revitalizing high streets and communities, advocating for policies that support its growth and sustainability.
Mr. Burnham suggested aligning VAT rates with European standards and permanently implementing lower business rates for hospitality businesses to enhance their social and economic contributions to local areas.
