Publicans have said they worry they will be ‘overlooked’ in the Budget as pressure piles on the Chancellor to ease the burden on the hospitality sector.

Pub owner Beth Robinson, 41, who runs The Beeswing Inn in East Cowton, Yorkshire, said cuts to VAT would be welcome.

But she added she was ‘sceptical’ about how far a 5% cut would help pubs, as it might not be enough to pass savings on to customers and encourage them back to the boozer.

It comes after reports that Rachel Reeves is considering another 3.6% hike in alcohol duties this month.

But a new poll from Survation for the UK Spirits Alliance, seen by LBC, has revealed that nearly three in ten pubs (equivalent to around 11,000 venues across the UK) believe they may not survive the next 12 months if prices are hiked once again.

And 98% of landlords believe the Government is not supporting pubs.

Beth told Metro: ‘Big cuts to VAT would be well-received across the pub industry. Our overheads are huge – so reductions are what we’re looking for.

‘The problem is that a trip to the pub has become a luxury people can’t afford. But the cuts in VAT during Covid were the reason why so many of us survived through the pandemic.’

What pubs want is for Government to acknowledge that they are struggling and ‘show good faith’ with better financial support in the Budget, Beth said.

The past 12 months have been hard-hitting for The Beeswing Inn with the number of visits by regulars, and the amount they spend per trip, down – and pubs across the country are in the same boat, said Beth.

Steve Orme, 50, who owns The Red Lion in Shepperton, The Golden Grove in Chertsey and The Rose & Lion in Twickenham, believes that while a 5% slash to VAT would ‘massively help’, it is not enough.

The landlord, who has 11 years’ experience in the pub trade, told Metro: ‘The past 18 months have been more difficult than Covid – and the increase in Employers’ National Insurance this year kicked us all in the teeth.

‘Pub owners have shed staff. And the Government is surprised that unemployment is up but humans are too expensive to employ.’

Steve said pubs have had to adapt rapidly to change since the pandemic, with more now offering restaurant-quality food and activities in a bid to keep footfall up.

He added: ‘You can pick up four cans of beer in the supermarket, while at the pub it might cost you £6.50, £7, which is a lot of money.’

Increasing financial pressure on pubs, Steve said, will force owners to put up prices, meaning people will buy alcohol from shops to drink at home instead of going out for the ‘social experience’ of meeting mates for a couple of pints.

The Liberal Democrats last night urged the Chancellor to slash VAT by 5% for hospitality businesses to make pubs and restaurants more affordable.

Daisy Cooper, deputy leader of the Liberal Democrats, said: ‘People are working with their nose to the grindstone all month and have next to nothing left over after sky-high bills and spiralling food prices.

‘In years gone by people knew they could look forward to fish and chips with their family on a Friday night or a weekend trip to the cinema.

‘Now those small joys – the ones that make life worth living – are becoming an unaffordable luxury for too many.’

She added: ‘High street businesses have been hammered by the jobs tax and higher business rates bills, so it’s no wonder that so many treasured pubs, restaurants and cafes are boarding up their shopfronts, taking with them vital jobs and local community spaces.’

The British Beer and Pub Association (BBPA) held a protest outside Parliament today to fight against the tax burden on a pint.

On behalf of nearly 250,000 campaign supporters, the Chancellor is being warned that pubs are at tipping point, with one predicted to close every day this year.

A Treasury spokesperson told Metro: ‘Pubs, restaurants and cafes are vital to local communities.

‘That’s why we’re cutting the cost of licensing, lowering their business rates and helping more hospitality businesses offer pavement drinks and al fresco dining, on top of cutting alcohol duty on draught pints and capping Corporation Tax.’

Get in touch with our news team by emailing us at webnews@metro.co.uk.

For more stories like this, check our news page.

The Chancellor is set to announced her next budget soon.

That compound interest, though.

That compound interest, though.

Rebellious backbenchers are plotting to oust Sir Keir Starmer

Against a difficult economic backdrop, it expected Reeves will outline tax rises and spending cuts.

Against a difficult economic backdrop, it expected Reeves will outline tax rises and spending cuts.

Against a difficult economic backdrop, it expected Reeves will outline tax rises and spending cuts.

Pub owner Beth Robinson said the role boozers play in local communities has changed post-Covid (Picture: Dave Charnley Photography)

It is last orders for independent pubs in the UK. In the first half of 2025, 209 pubs in England and Wales …

Against a difficult economic backdrop, it expected Reeves will outline tax rises and spending cuts.

Small businesses fear the future ahead of the Chancellor’s Autumn Budget in November as tax rises loom.

Ricky King, 35, a sales manager at Goats of the Gorge, a Bristol-based handmade skincare company, said small businesses have been hit hard by the cost-of-living crisis and economic uncertainty.

He said: ‘Our product is skincare – an optional, not a necessary product. We are lucky to maintain customer relations, but we have seen a drop in sales.

‘B2B [business-to-business] sales have dropped, but we are maintaining our efforts. Times are hard, we’ve had shops not able to continue selling our product [and some are] going under.’

Ricky said some shops that previously sold Goats of the Gorge’s products have gone bust – despite owing the company money.

Ahead of next month’s Budget, he urged Chancellor Rachel Reeves to make cuts to corporation tax to ‘help offset the economic impact’ on businesses.

He also said that cutting VAT to around 16-17% would make a ‘massive difference to us’ because the money would instead be reinvested in the business every quarter.

New research by Bibby Financial Services (BFS), a company which supports small businesses, has found that over half (52%) of SMEs believe Government initiatives are failing to protect them.

And more than six in ten (62%) said inflation and high costs are reducing their ability to invest in jobs and growth.

Now, SMEs are demanding low-interest loans, reduced business rates and a reversal of the increase in National Insurance Contributions (NICs) ahead of the Budget.

US tariffs are also cited as impacting profit margins for many small businesses.

To help them reach customers in new markets overseas, nearly a quarter (23%) of survey respondents want the Government to establish new trade agreements, and 19% would like designated support to alleviate the impact of international tariffs.

Jonathan Andrew, chief executive of BFS, said: ‘The current economic climate is hugely challenging for SMEs that are seeing profit margins and spending power eroded, and overheads increasing.

‘On top of continued supply chain pressures both domestically and internationally, these issues pose a significant risk to economic growth, but more importantly, they threaten the survival of thousands of small businesses across the country.’

He added: ‘Businesses are crying out for support and are sending a clear message that the high cost of business experienced in recent years is reaching the boiling point.

‘What they need are practical measures that protect them against mounting cost pressures and volatile international trading policies. This support must be forthcoming if the UK economy is to prosper any time soon.

‘There’s a real opportunity in November for the Chancellor to back Britain’s small businesses with bold measures that cut red tape, roll back the burden of increasing costs and improve the environment for international trade.

‘SMEs need to see these promises turned into concrete actions that restore their confidence to invest, hire and expand rather than just survive.’

It’s not as scary – or high – as you might think

It’s not as scary – or high – as you might think

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Money is a major part of human life. We literally need it to survive, from paying bills to buying food, not to mention simple pleasures like holidays.

Yet basic financial understanding is something a lot of people struggle with. A 2024 study by Freetrade, which quizzed 2,000 people, found 81% weren’t confident in their financial literacy and 91% lacked confidence specifically around investing.

Meanwhile the gender investment gap is growing, particually among Gen Z and millennials. The latest data suggests 41% of men aged 18-34 invest, compared to just 20% of women.

Investing can increase individual net worth – it gives your money the chance to grow, and if done successfully, can generate passive income. Ladies, we’re missing out on money!

So, Metro spoke to Nisha Prakash, lecturer in Financial Management at the University of East London, to get some beginner insight. Specifically, simple hacks you need to master before taking the leap.

Define the ‘why’ by setting clear financial goals

First things first, Prakash says that before you start investing, you need to have a general idea of why you’re doing it with clear financial goals.

This could include buying an asset, for example a house or car, paying for wedding expenses, funding children’s education, or, if you’re thinking more long-term, retiring.

‘This will set the timeline and target, which could help you choose the financial instruments based on the required risk-return,’ explains Prakash.

Investing – in it’s most basic form – means buying something in the hope it will increase in value. So once you know what you’re aiming for, you can start looking at options such as ISAs, or stocks and shares, with more clarity.

Understand your risk tolerance

On that note, don’t dive headfirst into something you know little about, nor can afford. Prakash asks: ‘How much volatility can you handle?’ Meaning, can you afford to put all your eggs in one basket? Or, are you better off playing the long game? Aka, taking baby steps with your cash to lower the risk.

Prakash notes that many don’t realise that investing is a spectrum, and there a various ways you can grow your money. It’s not just like what you see in the movies: men in suits shouting and screaming at stock market monitors. If you want it to be, investing can be stress-free.

The expert says: ‘There are many online questionnaires available to measure risk tolerance. Just because stocks give you a high return, it might not be ideal for everyone.’

For some of us, Prakash states that fixed-rate ISAs work the best. These are low-risk savings accounts where you agree to lock your money away for a certain period. In exchange, you’re guaranteed a tax-free interest rate. There are different lengths of fixed rates, typically ranging from one to five years.

However, they often come with a clause: you cannot withdraw money or close the account during the fixed rate period without a penalty. But, because you’re agreeing to leave your money for a set amount of time, you’re usually rewarded with a higher interest rate.

If you know you’ll need to dip in and out of your savings pot during the fixed time, you’re better off looking into an easy access ISA.

Fixed-rate ISAs are commonly suited to people who have lump sums they want to invest and know they won’t need to access them, which leads us to our next point.

Build an emergency fund

This is so important, Prakash emphasises. While some experts say you need at least three months’ worth of living expenses, Prakash says it’s better to be on the safe side and go for six months.

An emergency liquid fund is simple, she says. It protects you from having to sell assets if unexpected expenses arise. Or, if you lose your job or income.

Ultimately, having a financial buffer takes the pressure off, as it means you don’t have to dip into your savings you’ve worked so hard to invest.

Educate yourself on the basics of investing

Prakash says it’s vital people learn about the basics of investing. This includes financial instruments, risk vs. return, diversification, interest rates, and insurance, to name a few.

The expert explains: ‘Complicated products don’t necessarily translate to better returns in the long term. The trick is to understand the business well before investing.’

As Warren Buffett popularly said, ‘Never invest in a business you cannot understand.’

There are so many resources online to give you a better insight into investing. Platforms like Money Saving Expert have various beginner’s guides, from educating on stocks and shares, pensions and investing, and investment funds.

Create a budget

‘Having a budget and tracking your cash flow allows you to understand how much you can realistically invest each month,’ says Prakash.

While Prakash says there are apps that can help track budget and expenses, the 50/30/20 rule is also a great tried-and-tested method. This hack can help build your emergency fund, too.

Essentially, the rule involves dividing your spending into three categories: needs, wants and savings. Then, with each paycheck, allocate 50% to needs, 30% for wants and 20% for savings or debt repayments.

Knowing this exact amount each month allows you to invest that 20% without fear of not being able to afford it.

Check your credit report

Prakash recommends checking your credit report to ‘understand the factors impacting your credit score,’ if there are any. Should you have any errors on your report, for example, it shows an already closed loan, get it corrected.

There are plenty of easy ways to check your credit report online. Experian allows you to check as many times as you want for free, without it affecting your score.

Not only does this give you peace of mind, in terms of knowing whether or not lenders may reject you, but as you improve your score, you’ll have access to better deals, including getting credit at lower rates.

Consider consulting a certified financial planner (CFP)

There’s no shame in needing a bit of hand-holding at the start, says Prakash. If you’d rather have a little guidance before investing and making financial decisions in general, consulting a certified financial planner might be the way forward.

‘They’ll help you build a personalised plan’ in terms of investing, and be able to explain any queries or worries you may have.

Residents of one city average out at £29,000 each.

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I’ll never forget being a naive, 18-year-old fresher, checking my bank account at the end of the month to see if I had enough money to go to the pub after uni.

Usually, after rent, splitting bills with housemates, and paying my gym membership from my part-time job, I’d be left with enough for a couple of pints.

Until one day, £2000 magically dropped into my Santander student account. Confused at first as to where it came from, these concerns soon transitioned into ‘I’m rich,’ when I realised my bank had ‘gifted’ me a lovely overdraft to spend at my leisure.

This, of course, was followed by a shopping spree at Beyond Retro, lunch in the Brighton Laines, and an afternoon sesh at East Street Tap. Looking back, I can see how silly my spending habits were and how dangerous they could become.

But with 2K casually landing in a few of my friends’ accounts – during the height of summer – it was safety in numbers.

Thankfully, I managed to pay my overdraft off before the charges kicked in, which saved me a whole lot of future debt. It also forced me to become more responsible with money, focusing on saving it, rather than spending.

But the whole scenario got me thinking: what should your overdraft limit be, according to your age? Because at 18, a random and unasked-for £2000 doesn’t seem like the brightest idea. Hopefully, almost a decade later, it’s a thing of the past.

With this in mind, Metro spoke to Matthew Sheeran, money saving expert at Money Wellness, and finance specialist Pernia Rogers, founder of Your Finance Travel Buddy, to get the low-down.

What should your overdraft limit be?

‘There’s no one-size-fits-all answer to how much your overdraft limit should be, but we do see some patterns based on age and life stage,’ explains Sheeran.

Rogers agrees, adding: ‘A more practical approach is to set your overdraft limit according to your income, which usually grows as you get older.’

But for clarity, the pair have split these guidelines into age groups:

18-24

‘If you’re 18 to 24, your overdraft limit will typically be somewhere between £100 and £500,’ says Sheeran. At this stage, most people are studying or just starting out in work, so they don’t need or qualify for a large buffer.

If you’re unsure of what bank account to go for as a student or young adult, Rogers says that many student accounts offer interest-free overdrafts of around £500.

‘These can be useful if managed carefully, but it’s important to treat it as a buffer, not free money,’ she warns. If only I’d had such advice back in the day.

25-34

According to Sheeran, this is when we expect to see limits rise to around £500 to £1,000. ‘As people’s income increases, they start taking on more financial responsibilities like rent or bills,’ he states.

Rogers elaborates: ‘Early in your career, between the ages of 25 and 30, when your income is more stable, banks may offer larger overdrafts.’

However, the expert still urges you to be sensible. Rogers says it’s a smart idea to limit your overdraft to about one month’s salary and only use it in emergencies.

35-44

By the time people are in their late thirties or early forties, their overdraft might be as high as £1,500, Sheeran reveals. But ideally, it’s used only for unexpected costs, not everyday spending.

The amount is likely increased to this level due to higher earnings and the expectation that people this age are more financially mature. Meaning, they typically refrain from splurging on superficial purchases.

Once you’re older – around the 30+ age – and more established, you’ll have access to higher limits, explains Rogers. However, your overdraft should never be part of your regular income.

45+

‘Once people reach their mid-forties and beyond, it’s common to see limits start to shrink again,’ Sheeran says. He puts this figure at around £500 to £1,000, as people become both more financially stable and look to reduce their reliance on credit.

Overall, he says it’s important to remember that your overdraft is still a form of borrowing, and if you’re constantly in it, that could be a warning sign that something’s not quite right with your budget.

‘It’s designed to be a short-term safety net, not a regular source of money.’

It’s not as scary – or high – as you might think