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Government to reduce rates for venues
The UK government will implement a 20% reduction in business rates for pubs, clubs, and live music venues starting in April, aiming to save firms approximately £1,100 annually. The cut, costing £100 million and funded by reviewing tax relief on certain businesses like vape shops, will benefit nearly 32,000 venues but will not apply to the largest music venues. Industry representatives welcomed the measure as a positive step but expressed concerns about its sufficiency, with some questioning how much it will help amid rising costs. Additional support measures include a VAT cut on electricity bills and capped bus fares outside London.
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