The Boot in St Albans, Herts, is facing a 286 per cent increase in business rates, from £14,000 a year to £52,000.
And the Campaign for Real Ale estimated the pub would have to sell an additional 22,000 pints of beer every year to pay for the increase.
One of the biggest moves by the Chancellor today was to introduce a £1,000 discount on pub’s rates if their rateable value is below £100,000.
Chancellor announced a £1,000 discount on pub’s rates if their rateable value is below £100,000
But The Boot’s new rateable value is £103,000, leaving the family-run business hoping an appeal will be successful so they qualify for the help.
The fact that he singled out pubs in his business rates section is very good
Sean Hughes – Pub landlord
Mr Hughes, landlord of The Boot, said: “The fact that he singled out pubs in his business rates section is very good.
“We have still got an appeal going through for our rates, so if it drops below £100,000 that is going to help.
“We’re looking at a £70,000 increase on our rateable value.
Philip Hammond announced there were no further increases on alcohol duty Find out what the BUDGET means for YOU Wed, March 8, 2017
Budget 2017: Philip Hammond hailed Britain’s booming Brexit economy today as he delivered his first Budget of the year
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“A lot of the pubs in St Albans will be very grateful they are going to get £1,000. It is the ones that have had the massive increases, £1,000 is going to do nothing.”
The landlord admitted he was “delighted” there were no further increases on alcohol duty but called for an “urgent review” into how business rates are calculated to prevent pubs from going out of business.
He said: “The Chancellor has said they are going to review how they are going to review business rates.
“What he could have done is said we are going to have an urgent review into how it is effecting independent businesses and many pubs.
“We can’t wait five years to have a review for the next one because in five years time we may have lost ten pubs in St Albans.”
'We can’t wait five years to have a review', says Sean Hughes
And the 35-year-old, who is self-employed, will also face an increase in National Insurance contributions.
“It was inevitable really. It’s the levelling out of taxation. I think it is fair. It is just trying to balance the taxation system,” he said.
“It almost seems like an incentive for you to risk more for jobs and your business and if you take away the point of, that you as well go and work for someone else. So it is a bit of a kick-in the teeth for entrepreneurs.”