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Close to fifty Labour Members of Parliament have urged Chancellor Rachel Reeves to reconsider the upcoming rise in business rates specifically affecting music venues. A letter, reviewed by the BBC, highlights that the scheduled revaluation of business rates set to take effect in April could see these venues facing increased bills ranging from 45% up to 275%.
Concerns have been raised that the escalating costs pose a serious threat to the survival of music venues in the UK. In response to mounting pressure from the hospitality sector and Labour backbenchers, Reeves has been developing a support package aimed at pubs, which is expected to be announced soon.
This situation has led to significant opposition from within the hospitality industry, with around 1,000 pubs reportedly banning Labour politicians in protest against the potential financial impact of the revaluation and the withdrawal of Covid-era support measures. During her Budget in November, the Chancellor reduced business rate relief from 75% to 40%, with plans to remove these discounts entirely by April. Many Labour MPs and opposition figures worry that any forthcoming support may exclude other hospitality areas such as hotels and live music venues, prompting calls for broader assistance.
The letter was organised by Liverpool MP and member of the Culture, Media and Sport Committee, Anneliese Midgley, and signed by other committee Labour MPs. It remarks, “Many of us have been contacted by constituents in recent months who use and run these critical music spaces, explaining that they will be severely impacted by the 2026 business rates revaluation.” The MPs urge the Chancellor to postpone the April increase until a fairer valuation system can be established, and also advocate for additional backing for recording studios, warning that up to half may face closure due to rising rates. The Treasury has been approached for a response
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