Britain said it would cut business rates for small pubs by £1,000 from April, gi...
FILE PHOTO: A pedestrian walks past a bordered up pub ahead of Notting Hill Carnival in London, Britain August 24, 2019. REUTERS/Simon Dawson
LONDON - Britain said it would cut business rates for small pubs by £1,000 from April, giving extra help to pubs as part of a wider package aimed at ensuring shops, cinemas and cafes can survive in local high streets. Business rates are taxes to help pay for local services, charged on most commercial properties. The system of business rates is due to be subject to a fundamental review under plans announced by Prime Minister Boris Johnson in December.
Britain’s finance ministry said on Saturday that about 18,000 smaller pubs were expected to benefit from the 1,000 pound discount on their bills. That follows a cut in bills for small shops and cafes which was announced in December.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK business perks up after election, weakening case for rate cut - PMIsBritish companies are enjoying their best month in more than a year, a survey sh...
Read more »
Bank of England rate cut hangs in balance as Carney bows outThe Bank of England is closer to cutting interest rates next week than at any ti...
Read more »
Westpac economists now see RBA delaying rate cut to AprilAnalysts at Westpac Banking Corp now expect the Reserve Bank of Australia (RBA) ...
Read more »
Huawei victorious as UK government defies US calls to freeze out Huawei's 5G tech - Business InsiderIt looks like Huawei is about to score a big triumph over Trump, with the UK ready to let it build some of its 5G tech
Read more »
Kate Upton Poses in Unretouched Photos to Call BS on Toxic Weight Loss CultureKate Upton talks about her new business, Strong4Me, her feelings on body positivity, and how she blocks out self-doubt
Read more »
Twitter reacts to Trump saying he's open to cuts in Medicare and other entitlement programsAfter the president promised that he would work to avoid cutting Social Security and other programs, he now says he's 'going to take a look' at cutting the programs.
Read more »