00:00Government ministers say pubs and live music venues in Liverpool.
00:05will benefit from an £80m support package, including a 15%
00:10discount on business rates from April. The Treasury says rates for venues will then
00:15be frozen for two years. The announcement follows industry warnings that rising
00:20business rates could threaten spaces and hospitality businesses. A group of
00:25Labour MPs wrote to the government urging them to review how venues and studios
00:30were valued. In 2024, the music industry contributed £8bn
00:35to the economy. Ministers say the average pub will benefit from saving around £1bn
00:40£10,650 over the year ahead.
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