Context
The hospitality industry, a key part of the night-time economy, is facing significant challenges including post-Brexit labour shortages and high business rates.
Question
What steps are being taken to support the night-time economy given its critical role in local economies and communities, especially with ongoing issues such as labour shortages, debt from covid, inflation, and increased national insurance costs?
Answer from Gareth Thomas
Businesses are advised to look at measures taken in yesterday's Budget, including long-term reforms of business rates from 2026-27. For example, an average pub with a rateable value of almost £17,000 will save over £3,300 next year.
Not addressed: National insurance costs and doubling of business rates were not addressed specifically.
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