Thursday, October 8, 2009

Shock pub business rates rise

Evidence of shocking business rates hikes has emerged, with some licensees set to see bills more than double from next April.

The news follows stark warnings from the Conservatives that pubs would receive “bombshell” bills under new rates revaluations.
A snap survey on the Morning Advertiser’s website found 21.7% of licensees said their rateable value had more than doubled. Nearly one third — 30.4% — said it had risen between 41% and 100%. However, 13% said it had stayed the same, while 8.6% saw it fall by up to 40%.

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