{"id":15502,"date":"2024-10-28T22:55:04","date_gmt":"2024-10-28T22:55:04","guid":{"rendered":"https:\/\/news.godj.com\/news\/pub-landlord-fears-budget-changes-may-cost-him-24k-a-year\/"},"modified":"2024-10-28T22:55:04","modified_gmt":"2024-10-28T22:55:04","slug":"pub-landlord-fears-budget-changes-may-cost-him-24k-a-year","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/pub-landlord-fears-budget-changes-may-cost-him-24k-a-year\/","title":{"rendered":"Pub landlord fears Budget changes may cost him \u00a324K a year"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n
\"BBCBBC<\/span><\/div>\n<\/div>\n

Pub landlord Dan Cocks says he is “very nervous” about possible changes to business rates relief in the Budget on Wednesday<\/figcaption><\/p>\n<\/figure>\n
\n

A Devon pub landlord is “nervous” that changes to business rates relief in the government’s Budget on Wednesday could cost him \u00a324,000 a year.<\/p>\n

Business rates relief<\/a> was introduced for pubs, restaurants, bars and cafes in response to the Covid-19 pandemic, but is set to run out in April 2025.<\/p>\n

Dan Cocks, who runs the Edgcumbe Arms at Cremyll, said losing the support would cost him \u00a32,000 a month and would be “the straw that breaks the camel’s back” for his business. <\/p>\n

Labour will announce its first Budget in 14 years on Wednesday,<\/a> with the Treasury saying it was “supporting businesses” and had pledged to make the “business rates system fairer”.<\/p>\n<\/div>\n

\n

Currently, eligible businesses can get 75% off their rates bills up to a maximum of \u00a3110,000 a year. <\/p>\n

Mr Cocks said the potential for losing the support had made him “very nervous” as the money to replace it was “not there.”<\/p>\n<\/div>\n

\n
\n
\"A<\/div>\n<\/div>\n

Kevin Georgel, chief executive of St Austell Brewery, says pubs have already been hit by lower visitor numbers to the region<\/figcaption><\/p>\n<\/figure>\n
\n

St Austell Brewery in Cornwall, which has 120 tenanted pubs across south-west England, said the year had already been challenging due to a quieter holiday season. <\/p>\n

Kevin Georgel, St Austell Brewery’s chief executive, said: “We’re really concerned about possible increases in taxation for a sector that’s already really struggling.<\/p>\n

“We’ve seen a reduction in visitor numbers and pubs have felt that severely through the course of this year.”<\/p>\n

Mr Georgel added that potential increases in business rates, alcohol duty and national insurance contributions for employers could cost “hundreds of millions of pounds” for the sector as a whole. <\/p>\n<\/div>\n

\n

A Treasury spokesperson said: “We\u2019re supporting businesses like our well-loved pubs through pledges to make the business rates system fairer, cap corporation tax at 25% and to publish a corporate tax roadmap so that they have some welcome certainty to plan for the future.”<\/p>\n<\/div>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BBC Pub landlord Dan Cocks says he is “very nervous” about possible changes to business rates relief in the Budget on Wednesday A Devon pub landlord is “nervous” that changes to business rates relief in the government’s Budget on Wednesday could cost him \u00a324,000 a year. Business rates relief was introduced for pubs, restaurants, bars […]<\/p>\n","protected":false},"author":1,"featured_media":15503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[6432,2031,821,627,6431,5347,653],"class_list":["post-15502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","tag-24k","tag-budget","tag-cost","tag-fears","tag-landlord","tag-pub","tag-year"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/15502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=15502"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/15502\/revisions"}],"predecessor-version":[{"id":15504,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/15502\/revisions\/15504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/15503"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=15502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=15502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=15502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}