Rachel Reeves' budget has just killed the - 7 Jun 2026 - (136 words) - Jaynes Baby Bank
Rachel Reeves' budget has just killed the hospitality industry.
I don't know this young lady, but look at her tweet.
Can we talk about the business rate value reassessment?
Our pub, from £18,500 to £73,500.
Now, when you ask Grock what this really means, let me show you.
So, the Cornish pub owner just got hit with a 297% business rate hike from £18,500 to £73,500 starting April 2026.
Rachel Reeves and Labour's new 2025 budget slashed pub relief by £420 million.
Pubs now face 40-65% higher bills.
Average pub rateable value jump in 30% nationwide.
Thousands of local pubs could close for good.
So, if you didn't think that the budget yesterday was a disaster, you will very, very soon.
Because the ghost towns and high streets in the UK, which were once bustling with local pubs, little restaurants, are going to become decimated.
I don't know this young lady, but look at her tweet.
Can we talk about the business rate value reassessment?
Our pub, from £18,500 to £73,500.
Now, when you ask Grock what this really means, let me show you.
So, the Cornish pub owner just got hit with a 297% business rate hike from £18,500 to £73,500 starting April 2026.
Rachel Reeves and Labour's new 2025 budget slashed pub relief by £420 million.
Pubs now face 40-65% higher bills.
Average pub rateable value jump in 30% nationwide.
Thousands of local pubs could close for good.
So, if you didn't think that the budget yesterday was a disaster, you will very, very soon.
Because the ghost towns and high streets in the UK, which were once bustling with local pubs, little restaurants, are going to become decimated.