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York publicans criticise business rates hike that could close pubs
Summary
A Valuation Office Agency revaluation due on 1 April would raise hospitality rateable values in York by about 41%, and local publicans and an MP warn the increase could force some pubs to close; Labour leader Sir Keir Starmer said interim relief is in place as the new rates are introduced.
Content
Publicans in York say many local pubs face serious strain if planned business rates rises for hospitality are applied. The Valuation Office Agency's latest revaluation is scheduled to take effect on 1 April. York BID reports that rateable values for hospitality firms in the city are set to rise by an average of 41%. Labour MP Rachael Maskell raised the issue in Parliament and asked the prime minister to review the proposals.
Reported facts:
- The Valuation Office Agency revaluation is due to come into effect on 1 April.
- York BID reports an average 41% increase in hospitality rateable values in York.
- Publicans warned that the increases could force some pubs to close.
- Labour MP Rachael Maskell raised the matter in Parliament and urged a review of the proposals.
- Sir Keir Starmer said interim relief is in place as the new rates are introduced.
Summary:
The revaluation set to take effect on 1 April is expected to raise hospitality rateable values in York and has prompted warnings from publicans and an MP about potential closures and increased pressure on businesses. Labour's leader noted interim relief is being provided while the new rates are implemented. The immediate next procedural step reported is the implementation of the revaluation on 1 April.
