Rachel Reeves signals expansion of pubs tax U-turn to other businesses
Chancellor says a post-Budget retreat could include extension to other hospitality
Chancellor says a post-Budget retreat could include extension to other hospitality

Watering down business rates for pubs alone fails to reflect pressures in the wider hospitality sector

Chancellor under pressure from some Labour MPs to raise levies on business this week

Chancellor lays groundwork for further tax rises in speech weeks ahead of Budget

Burden to reach 38% of GDP by end of parliament

Labour MPs warn chancellor that a possible £1.5mn threshold for the new levy would be too low

Chancellor acknowledges lenders already pay high levels of tax by international standards