India, July 23 -- In another major policy move aimed at easing financial pressure on households and businesses, UK Prime Minister Andy Burnham has announced a 20% reduction in business rates for pubs, clubs and live music venues across England. The measure, revealed on Thursday, July 23, is part of the government's broader cost-of-living strategy and is expected to support nearly 32,000 hospitality businesses from April next year.

The £100 million package will be funded by reviewing tax reliefs currently available to businesses that ministers say do not contribute positively to local communities, while the government also plans wider reforms to the business rates system.

Andy Burnham Unveils Another Cost-of-Living Measure

The busi...