The prime minister said the £100m package would mean the typical pub would save around £1,100 in the next financial year
Reynolds also said she would welcome Gary Lineker and other UK-based millionaires increasing the amount they pay into public coffers after they called for a wealth tax.
But she would not be drawn into whether Andy Burnham’s government will consider what they are asking for. She said:
Well, look, it’s day four of this new government, and obviously any major tax changes would be announced at a budget.
I welcome the fact that people of good means are saying that they want to pay more. They can pay more.
This is fully funded, and it will be funded in a couple of major ways. Firstly, by looking at business rate reliefs on businesses that cause social harm, such as vape shops, and secondly by cracking down on those online businesses who are not paying VAT.
I am confident as chief secretary, having looked at the numbers, and we will set out the numbers in more detail at the budget, that we will fund this announcement in the ways that I’ve just mentioned.
There may be additional measures that we look at as well, but it is those two principal ways that we’re going to fund this business rate relief.
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