UPDATE 2-UK expected to soften business rates rise for pubs

The BBC said the government would water down the planned business rate rises on ​pubs, as part of a package of support for the sector. Asked about ⁠the report, a Treasury spokesperson said a support package for pubs, including measures addressing business rates, licensing and ⁠deregulation, would be outlined in coming days, without giving further details.

(Adds Treasury response in paragraph 5) LONDON, Jan 8 (Reuters) -

Britain is set to outline a package of measures to soften the ‌impact of a planned hike in business rates on pubs after hospitality groups warned the tax measures announced last ⁠year would result in pub closures. Pubs, part of the fabric of communities across Britain for hundreds of years, had demanded specific relief after finance minister Rachel Reeves announced changes ​to business rates, a type of property tax on all commercial premises, in ‍her November budget.

Industry group the British Beer and Pub Association (BBPA) said 15,000 jobs could be at risk from the changes as around 5,000 smaller pubs would be hit with a business rates bill ⁠for the first ‌time. The BBPA ⁠has been engaging with the government over addressing the elevated "rateable value" of many pubs that results in ‍higher bills. The BBC said the government would water down the planned business rate rises on ​pubs, as part of a package of support for the sector.

Asked about ⁠the report, a Treasury spokesperson said a support package for pubs, including measures addressing business rates, licensing and ⁠deregulation, would be outlined in coming days, without giving further details. Britain's Prime Minister Keir Starmer has made climb downs on a number of policies. In December, ⁠the government scaled back its plan to raise more tax from farmers, months after ⁠it backed down on ‌cuts to welfare spending and scaled back a proposal to reduce subsidies on energy bills for the elderly.

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