Existing tax. Proposed new calculation for the "value" of business property, disproportionately affecting pubs.

https://www.bbc.co.uk/news/articles/c8e57dexly1o

> In her November Budget, Chancellor Rachel Reeves scaled back business rate discounts that have been in force since the pandemic from 75% to 40% - and announced that there would be no discount at all from April. That, combined with big upward adjustments to rateable values of pub premises, left landlords with the prospect of much higher rates bills.

https://en.wikipedia.org/wiki/Business_rates_in_England

> Properties are assessed in a rating list with a rateable value, a valuation of their annual rental value on a fixed valuation date using assumptions fixed by statute. Rating lists are created and maintained by the Valuation Office Agency, a UK government executive agency.

Pubs are dying. Have been for years.

Many deaths were postponed because their taxes were reduced due to Covid. Those taxes are now returning to normal levels. This will result in a glut of deaths, as pubs that were just hanging on go under.

The policy question is, basically, do we want to subsidize pubs because they're part of our national culture, even though we don't use them nearly as much as we used to?

Changes to property taxes on business premises.

> In her November Budget, Chancellor Rachel Reeves scaled back business rate discounts that have been in force since the pandemic from 75% to 40% - and announced that there would be no discount at all from April.

That, combined with big upward adjustments to rateable values of pub premises, left landlords with the prospect of much higher rates bills.