{"id":263588,"date":"2025-07-14T06:56:26","date_gmt":"2025-07-14T06:56:26","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/263588\/"},"modified":"2025-07-14T06:56:26","modified_gmt":"2025-07-14T06:56:26","slug":"pub-rates-misery-blights-summer-according-to-bosses","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/263588\/","title":{"rendered":"Pub rates misery blights summer, according to bosses"},"content":{"rendered":"<p class=\"author-section byline-plain\">By EMILY HAWKINS <a rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/follow?screen_name=emilyhwkns&amp;tw_p=followbutton\" class=\"twitter-follow-author\"><\/a> <\/p>\n<p class=\"byline-section\"> Updated:  16:50 EDT, 13 July 2025   <\/p>\n<p class=\"mol-para-with-font\">Pubs are struggling to turn a profit despite the sunny weather as Labour drags its heels on tax reform, bosses have said.<\/p>\n<p class=\"mol-para-with-font\">Drinkers are flocking to beer gardens for a pint but industry leaders say business rates mean takings are being drained away \u2013 despite pledges by Labour to change the system.<\/p>\n<p class=\"mol-para-with-font\">Chancellor Rachel Reeves has piled on further pain with a rise in employer national insurance contributions that took effect in April.<\/p>\n<p class=\"mol-para-with-font\">An industry forecast last week showed that one pub could close every single day this year across Britain.<\/p>\n<p class=\"mol-para-with-font\">Chris Jowsey, the chief executive of Admiral Taverns, said: &#8216;On the face of it, pubs are doing really well because people are spending lots of money but none of it is translating to the bottom line.\u00a0<\/p>\n<p class=\"mol-para-with-font\">&#8216;Rather than layering on cost after cost, if they&#8217;re not careful they&#8217;re going to make hospitality extremely uninvestable. It&#8217;s really important that [Labour] do the rates reforms.&#8217;<\/p>\n<p>   <img decoding=\"async\" id=\"i-b98d231f88c68d86\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/100273019-14901729-image-a-44_1752433641552.jpg\" height=\"423\" width=\"634\" alt=\"Claim:\u00a0Pubs are struggling to turn a profit despite the sunny weather as Labour drags its heels on tax reform\" class=\"blkBorder img-share\" style=\"max-width:100%\" loading=\"lazy\" \/>   <\/p>\n<p class=\"imageCaption\">Claim:\u00a0Pubs are struggling to turn a profit despite the sunny weather as Labour drags its heels on tax reform<\/p>\n<p class=\"mol-para-with-font\">Simon Dodd, the boss of chain Young&#8217;s, said: &#8216;It has gone quite quiet on rates reform, which would help the whole sector.<\/p>\n<p class=\"mol-para-with-font\">&#8216;Labour came to power with this five-point plan for growth and the thing we would like sorted out is this. All we are asking for is a fair playing field.&#8217;<\/p>\n<p class=\"mol-para-with-font\">He said his 230 pubs in London and the South East are &#8216;really, really busy&#8217; thanks to the scorching weather.<\/p>\n<p class=\"mol-para-with-font\">Dodd added: &#8216;We have broken records, the sun has really helped. The great British pub is alive and kicking.<\/p>\n<p class=\"mol-para-with-font\">&#8216;That said, if you are an independent operator at the moment, it is very, very hard.&#8217;<\/p>\n<p class=\"mol-para-with-font\">Simon Emeny, chief executive of Fuller&#8217;s, said: &#8216;An overhaul of our archaic business rates is long overdue, and the truth is that the whole system is not fit for purpose. It was created and introduced at a time when the digital economy was not even a pipe dream and for 14 years the Conservatives put it in the &#8216;too difficult&#8217; box.<\/p>\n<p class=\"mol-para-with-font\">&#8216;We are still awaiting the full details regarding the changes made by the Labour Government at the last Budget \u2013 but if the Chancellor thinks this is &#8216;job done&#8217;, she is a long way off the mark.&#8217;<\/p>\n<p class=\"mol-para-with-font\">Business rates are a local levy based on the value of a commercial property, meaning shops and pubs pay a premium compared to online giants such as Amazon.<\/p>\n<p class=\"mol-para-with-font\">The hospitality industry was hit by a \u00a3500m increase in business rates in April alongside a barrage of other costs imposed by Labour. That included the NI hike and a sharp increase in the minimum wage.<\/p>\n<p class=\"mol-para-with-font\">Before the Budget, small\u00a0businesses had called for a\u00a0Covid-era discount of 75 per cent to be extended to give them some breathing space.<\/p>\n<p class=\"mol-para-with-font\">But Labour reduced this to a 40 per cent discount, capped at \u00a3110,000 per pub.<\/p>\n<p>DIY INVESTING PLATFORMS<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/1752476183_833_A J Bell 2022_122X84.png\" alt=\"Easy investing and ready-made portfolios\" \/>AJ Bell<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/1752476183_833_A J Bell 2022_122X84.png\" alt=\"Easy investing and ready-made portfolios\" \/>AJ Bell<\/p>\n<p>Easy investing and ready-made portfolios<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/HL-Logo_122x84.jpg\" alt=\"Free fund dealing and investment ideas\" \/>Hargreaves Lansdown<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/HL-Logo_122x84.jpg\" alt=\"Free fund dealing and investment ideas\" \/>Hargreaves Lansdown<\/p>\n<p>Free fund dealing and investment ideas<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/ii_thisismoney_122x84.png\" alt=\"Flat-fee investing from \u00a34.99 per month\" \/>interactive investor<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/ii_thisismoney_122x84.png\" alt=\"Flat-fee investing from \u00a34.99 per month\" \/>interactive investor<\/p>\n<p>Flat-fee investing from \u00a34.99 per month<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/1752476186_22_122x84 Blue.png\" alt=\"Account and trading fee-free ETF investing\" \/>InvestEngine<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/1752476186_22_122x84 Blue.png\" alt=\"Account and trading fee-free ETF investing\" \/>InvestEngine<\/p>\n<p>Account and trading fee-free ETF investing<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/1752476186_773_T212Logo_Icon_130x90.png\n\" alt=\"Free share dealing and no account fee\" \/>Trading 212<img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/1752476186_773_T212Logo_Icon_130x90.png\n\" alt=\"Free share dealing and no account fee\" \/>Trading 212<\/p>\n<p>Free share dealing and no account fee<\/p>\n<p class=\"tim-affiliate-text\">Affiliate links: If you take out a product This is Money may earn a commission. 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This does not affect our editorial independence.<\/p>\n<p><a href=\"https:\/\/www.thisismoney.co.uk\/money\/diyinvesting\/article-1718291\/Pick-best-cheapest-investment-Isa-platform.html?ico=tim-affiliate_desktop_bottom-link-click\" target=\"_blank\" class=\"optional-btn-wrapper\" rel=\"noopener\">Compare the best investing account for you <\/a><\/p>\n<p>                    Share or comment on this article:<br \/>\n                        Pub rates misery blights summer, according to bosses<\/p>\n<p>        <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"By EMILY HAWKINS Updated: 16:50 EDT, 13 July 2025 Pubs are struggling to turn a profit despite the&hellip;\n","protected":false},"author":2,"featured_media":263589,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,1232,1284,1283,16,15],"class_list":{"0":"post-263588","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-money","11":"tag-moneymarkets","12":"tag-thisismoney","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114850286195728515","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/263588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=263588"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/263588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/263589"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=263588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=263588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=263588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}