Key points from the Budget in summary.

The article summarizes key points from the Budget delivered by Chancellor Rachel Reeves, impacting the on-trade sector. Changes include the end of the 75% business rates relief discount, an increase in employer national insurance contributions, and a rise in national living wage and minimum wage rates from April 2025. Additionally, alcohol duty changes will see a reduction in tax on draught products and an increase in non-draught products in line with inflation. These measures have raised concerns among operators in the hospitality industry. [Extracted from the article]