BUSINESS RATES ARE CLOSING PUBS
CAMRA has welcomed the House of Commons Treasury Committee’s report on the Impact of Business Rates on Business.
CAMRA National Chairman, Nik Antona commented:
"Pubs pay 2.8% of the Business Rates bill but only account for 0.5% of total business turnover. This is an overpayment of around £500 million by the sector each year.
"The report highlights that Business Rates do not fall upon all businesses equally and they place a far greater cost on bricks and mortar, than those that operate mainly online.
"The crucial role that pubs play as the social heart of many communities cannot be moved online. That is why it is vital that the system is drastically reformed or replaced."