Business Rates Review Planned for Pubs and Hotels in March 2027

A review into business rates for pubs and hotels in England and Wales is being led by Treasury expert Jerry Schurder, with conclusions expected by March 2027. This initiative follows a 20% cut in rates announced last month for pubs and social clubs, effective April 2023. According to the British Beer and Pub Association (BBPA), 161 pubs closed in the first quarter of 2023, resulting in approximately 2,400 job losses. The review aims to create a fairer rates system, which may impact operational costs for pubs and hotels moving forward.