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Transcripts for BBCNEWS World Business Report 20211028 04:31:00

in the uk and around the world. first we start here in the uk where the chancellor, rishi sunak, delivered his budget wednesday. some of the most striking measures affecting business were aimed at retail, hospitality and leisure among the sectors hit hardest by the pandemic. shops, pubs and gyms in england will be among businesses to get a 50% cut in their business rates. and the way alcohol is taxed is to be simplified some drinks will be taxed more but duty on draught beers will be reduced by 5%. joining me now is steve alton, ceo, british institute of innkeeping. what do you make of the measures announced yesterday by the chancellor broadly welcome? will they help your sector miss it was welcome recognition of the social value of pubs in their communities and a couple of areas he spoke about, the cuts to business rates next

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