Live music venues and clubs to benefit from Andy Burnham business rate cuts

This is the third policy announcement that Burnham has made since being appointed as Prime Minister just three days ago. It's part of a broader plan to support the hospitality industry amidst new cost measures being taken, with the intention to “back the businesses that people want to see in their communities” as opposed to watching while “cherished venues have disappeared from our local High Streets", as reported by BBC. This new policy is set to come into play across England from April of next year, and will not include the largest live music venues. Eligible businesses will be announced at John Healey's first Budget this autumn. Downing Street has also shared that the tax cut is likely to cost roughly £100 million per year, and will be funded by reviewing tax reliefs that are currently allocated to businesses that Burnham says do not make a "positive contribution" to the community, such as vape shops. The government expects to save a standard pub £1,100 in tax costs next year, with this policy also complementing the 15% business rate cut to pubs and live music venues detailed by previous chancellor Rachel Reeves. “Pubs, clubs and live music venues are at the heart of communities...