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Andy Burnham Proposes Cutting Pub Business Rates and Raising Warehouse Rates
Andy Burnham said he would increase business rates on large warehouses to fund 20 percent cuts for pubs and raise thresholds for smaller firms. He pledged to stick to Labour's manifesto commitments on VAT, income tax and national insurance while funding a £15 billion defence increase.
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Andy Burnham said he would raise business rates on giant warehouses operated by online retailers such as Amazon to pay for a 20 percent cut in rates for pubs, clubs and music venues. The only candidate to replace Sir Keir Starmer as Labour leader also proposed lifting the payment threshold for smaller independent hospitality, leisure and retail businesses for the first time since 2017.
Speaking to LBC presenter Andrew Marr, Burnham said there was "some room" for movement on tax within the 2024 manifesto pledges that rule out increases in VAT, income tax and national insurance.
He added that the finances in Greater Manchester had been "rock solid" during his time as mayor and that he would not be "indisciplined" with public money if he becomes prime minister. Burnham is expected to take over as prime minister on 20 July. Sir Keir Starmer announced plans this week for a £15 billion rise in defence spending.
BBC News reported that at least £4.7 billion in savings from other departments will be required when the first Budget is delivered in the autumn. Burnham said he would take his responsibilities fully to fund the defence investment plan. " He indicated he would seek to reduce the benefits bill through changes to the education system and expanded mental health support for people in work.
