Budget 2017: Pubs see extra help in business rates revamp

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Pubs and small businesses will receive extra help with their business rates bill, the chancellor has announced.

Every pub with a rateable value of less than £100,000 will receive a discount of £1,000 in 2017, a move that affects 90% of all pubs, Philip Hammond said.

Small businesses set to lose their rate relief in the planned revamp will see increases capped at £50 a month.

A £300m fund for local councils to offer discretionary relief to the worst-hit firms was also announced,

Overall, the extra relief will cost the government £435m, the chancellor said.

Pubs welcomed the move.

"This much-needed government support will save the sector over £24m and will help safeguard investment and jobs," said Kate Nicholls, chief executive of the Association of Licensed Multiple Retailers, a body representing retailers in the eating and drinking sector.

BBC

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