UK PM Burnham cuts taxes on pubs; New Zealand should consider similar support
The UK's new prime minister has cut business rates for pubs and live music venues, prompting debate about whether New Zealand should adopt similar measures to help its struggling hospitality sector.
The UK Prime Minister has announced a 20% cut on business rates for pubs, clubs and live music venues as support for the hospitality industry. The policy is being examined as a potential model for New Zealand, where the hospitality sector has been hit hard by the cost-of-living crisis and economic downturn, with 449 businesses going into liquidation in the past year. New Zealand could implement similar support through local rates rebates, central government subsidies, or changes to alcohol excise tax settings. The approach offers potential economic and cultural benefits but raises questions about which industries deserve government support and whether subsidising alcohol sales is appropriate policy.
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The Spinoff
The new UK prime minister just cut taxes on pubs. New Zealand should do the same.
Andy Burnham’s 20% cut on business rates for pubs, clubs and live music venues will be a tempting policy to copy for parties looking to offer support to New Zealand’s struggling hospitality industry. One of Andy Burnham’s first announcements as…
Newstalk ZB
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