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U-turn on pubs has not solved the government’s mess on business rates | Nils Pratley

Will the chancellor’s inevitable U-turn on business rates for pubs be enough to quieten the developing riot behind the taps? Possibly, a bit. After two months of damaging headlines, Rachel Reeves has granted pubs a 15% discount on bills, worth £1,650 on average in the next tax year, then a two-year freeze in real terms, with the promise of a change in methodology in time for the next revaluation in 2029. Live music venues get the same deal. The package is not insignificant, especially as it was the year-three escalation in bills that was causing the most angst.Yet it would be a mistake to think the government’s troubles on business rates end there

about 16 hours ago
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Hobbycraft issues full recall of asbestos-tainted children’s play sand

Hobbycraft has issued a full recall of children’s coloured play sand after confirming some bottles contained asbestos, presenting “a risk to health”.The Guardian revealed at the weekend that the craft retailer had stopped selling the kit after being alerted to the risk but had stopped short of alerting customers who had already bought the item.The asbestos was discovered by a customer whose children had played with the sand at a party. The parent, who did not wish to be named, recognised it from reports of a recall in Australia and New Zealand and paid for a lab test.She alerted Hobbycraft when three of the five bottles in its Giant Box of Craft set were found to contain fibrous tremolite asbestos

about 16 hours ago
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‘It’s a hospitality-wide problem’: night-time traders react to business rates relief plan

Gyms, local shops, restaurants, nightclubs and pharmacies have criticised the government for not extending business rates support beyond pubs and live music venues.The Treasury announced on Tuesday that every pub and live music venue in England would get 15% off its new business rates bill from 1 April, worth an average of £1,650 for each, with bills frozen in real terms for a further two years.However, there was no support announced for other sectors affected by the changes to rates, although there will also be a review of the methodology used to calculate how much hotels should pay alongside a parallel review for pubs.Leading trade bodies said that those overlooked still faced “severe challenges”. They accused ministers of having “suffocated employment opportunities” and said the decision to focus help just on pubs was “simply outrageous”

about 16 hours ago
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Pubs and live music venues to get support after business rates backlash

The Treasury has announced a support package worth more than £80m a year for pubs and live music venues in England, in a climbdown that follows a fierce backlash against plans to overhaul business rates.Trade bodies had warned that Rachel Reeves’s changes to business rates, announced at the chancellor’s November budget, would trigger widespread closures and job losses in the hospitality sector, particularly in pubs.On Tuesday, the government announced financial support to mitigate the effect of the rates shake-up, after officials admitted they had not foreseen its total financial impact.The package is expected to be worth more than £80m a year, over three years, for pubs and gig venues. It will only apply to England but the government said extra funding would be freed up for Scotland and Wales to follow suit

about 17 hours ago
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Treasury announces business rate support package worth more than £80m a year – as it happened

The Treasury has unveiled a support package worth more than £80m a year for pubs and live music venues in England and Wales, in a climbdown that follows a fierce backlash against plans to overhaul business rates.Trade bodies had warned that Rachel Reeves’s changes to business rates, announced at the chancellor’s November budget, would trigger widespread closures and job losses in the hospitality sector, particularly in pubs.On Tuesday, the government announced financial support to mitigate the effect of the rates shake-up, after officials admitted that they had not foreseen its total financial impact.The package, final details of which were still being hammered out on Monday night, is expected to be worth more than £80m a year, over three years, for pubs and gig venues.Dan Tomlinson, the exchequer secretary to the Treasury, said every pub in England and Wales would get 15% off its new business rates bill from 1 April, worth an average of £1,650 for each

about 18 hours ago
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Can’t decide on a food delivery? Just Eat launches AI chatbot to help you choose

In the beginning, collecting a takeaway was the epitome of a lazy night in. Then delivery apps saved some more energy. Now, consumers can skip even bothering to read the menu as AI takes over the job of choosing the perfect evening meal.Just Eat is introducing an AI voice assistant that lets customers discuss what they might be interested in eating, and then offers personalised recommendations.The food delivery company is launching what it calls a “personal food concierge” within Just Eat’s existing chat function on its UK app on Tuesday

about 21 hours ago
trendingSee all
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The value of the Australian dollar is high right now. So should you book that overseas trip?

about 9 hours ago
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‘Very low bar’: analysts say Starmer faces slim pickings in China

about 11 hours ago
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How ICE is using facial recognition in Minnesota

about 19 hours ago
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UK ministers accept $1m from Meta amid social media ban consultation

about 20 hours ago
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Elena Rybakina blows away Iga Swiatek to reach Australian Open semi-final against Jessica Pegula

about 6 hours ago
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Alex de Minaur fell a distance short at the Australian Open. Will he ever win a major? | Simon Cambers

about 7 hours ago