Source link : https://london-news.net/london-pub-owner-warns-tax-increases-could-dim-the-lights-on-local-establishments/
A pub owner in London has expressed concerns that he may need to shut down if the chancellor increases taxes in the upcoming Budget.
James Fitzgerald, who runs the Thatched House in Hammersmith, reported a £22,000 surge in costs over the last year, primarily due to the rise in National Insurance.
He mentioned that he has already reduced his own salary, cut employee hours, and minimized other operational expenses, leaving no further possibilities for savings.
“If there’s another increase, I’ll end up working for nothing, and that means I’ll have to close the business. There’s no way to keep going,” he stated.
The British Beer and Pub Association anticipates that one pub will close every day throughout 2025, warning that without additional government assistance, as many as 2,000 establishments could shut their doors next year.
Emma McClarkin, the association’s chief executive, remarked that pubs are “on the brink” following last year’s Budget, which added £650 million to the sector’s expenses.
While she acknowledged last year’s small reduction in draught beer duty as “a nice gesture,” she urged the chancellor to take more substantial action in the upcoming announcement.
Industry representatives are also advocating for meaningful relief on business rates.
According to the Financial Times, chancellor Rachel Reeves opted not to raise Income Tax rates following more favorable economic projections.
However, government officials indicated that they…
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Publish date : 2025-11-22 14:29:00
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