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Chancellor John Healey is to spare 75,000 pubs, cafes and shops from business rates in his October budget

Chancellor John Healey is to spare 75,000 pubs, cafes and shops from business rates in his October budget

The business rates threshold is set to be lifted from £12,000 to £18,000 of rateable value, with England first in line for the change. Among those in line to benefit are 40,000 shops, 2,500 pubs, 2,000 salons and 1,600 village halls. VAT collection on sales by traders turning over £90,000 would be required of Amazon and eBay under separate plans, a move that could bring in up to £1billion. Healey has said he wants a budget giving Britain 'a bit of breathing space'.

Prime Minister Andy Burnham has floated lifting the threshold to £21,000 over time.

Healey has still warned the public to brace for a tough budget on October 28.

The Chancellor is reportedly considering a budget raid on bank profits.

MoreLBCPubs, cafes, and high street shops to be spared from paying business rates in Healey's budgetiNewsHealey to ‘slash business rates for cafes, pubs and salons’ at the BudgetThe TimesPubs and salons among small businesses Healey’s budget will helpEvening StandardWhat big changes could Chancellor John Healey make in the Budget?
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