U.K. Pub Stocks Rise as Government Prepares U-Turn on Business Rates -- Market Talk

Dow Jones

01/08

1412 GMT - Shares in U.K. pub companies are up after reports the country's government will backtrack on plans to increase business rate faced by pubs. Treasury officials cited by radio station LBC said they recognized the difficulties pubs would face because of the way these rates, which tax non-domestic properties, are calculated. Pubs faced an average rate rise of 76% resulting from a change announced in the November Budget. Pressure had mounted on Treasury chief Rachel Reeves to walk back the changes in recent days. Marston's gains 2.65%, while Mitchells & Butlers climbs 1.8%. Fuller Smith & Turner climbs 0.55%, while Wetherspoons trades flat. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

January 08, 2026 09:13 ET (14:13 GMT)

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