Autumn Budget 2026: What Devon's Shops, Pubs and Hospitality Businesses Should Check

For Devon’s independent retailers, publicans and hospitality operators, the cost of premises affects decisions throughout the year. Rent is one part of that commitment. Business rates, utilities, insurance, maintenance and the cost of preparing a building for trade all need a place in the budget.

The Autumn Budget on 28 October 2026 gives businesses and commercial landlords a reason to revisit those figures. Whether you operate a shop in Paignton, a café in Exeter or a pub in Plymouth, understanding the announcements can help you ask better questions before renewing a lease, relocating or taking on additional space.

What has the Budget announced?

The government’s business rates information letter describes changes intended from April 2027. For qualifying retail, hospitality and leisure properties, it announces higher Small Business Rate Relief thresholds: full relief up to a rateable value of £18,000, tapering to £21,000. It also sets out support taking eligible pub, social club and live music venue relief to 35% in 2027/28 and 2028/29.

These announcements concern future support. Detailed implementation regulations and guidance are to follow, and entitlement depends on the relevant conditions. Businesses should confirm their position before treating an anticipated reduction as money available to spend. Read the government’s Budget information letter.

Start with your current bill

Before estimating what might change, establish what you are paying now. Keep your latest rates bill, property valuation details and lease together. Check that you understand which premises the bill covers and whether your budget uses the actual amount payable.

The 2026 revaluation took effect on 1 April. A rateable value helps determine the bill; it is not the rates bill itself or necessarily your current rent. Your local council deals with billing and relief enquiries, while valuation queries follow the Valuation Office process. Read about the 2026 revaluation.

When speaking to an adviser, describe any changes to the premises or their occupation. Explain if you have expanded, stopped using part of the building or altered your business activities. Providing a clear account at the outset makes it easier to identify the right questions.

Budget for the whole property commitment

Use this review to build a fuller picture of your premises costs. Alongside rent and rates, consider service charges, insurance contributions, utilities, maintenance and any expenditure needed to keep the space suitable for your business.

For a new letting, add the initial cash requirements. A deposit, professional fees, equipment, signage, internet installation and fit-out works can create a substantial commitment before trading begins. Ask when each payment falls due, rather than looking only at the annual total.

A simple forecast can separate confirmed costs from estimates. Record the evidence behind each figure and identify what still needs checking. This makes the budget easier to update as information becomes available.

Compare premises on a consistent basis

Two shops with similar asking rents can produce very different financial commitments. One might need significant fit-out work, while another may be closer to your requirements. One may include useful storage; another may require separate arrangements for deliveries or equipment.

As a practical example, imagine comparing two otherwise suitable units. The first has the lower rent but needs extensive preparation before opening. The second costs more each month but requires less initial work. The decision needs a comparison of starting costs, recurring costs and the time before the premises can support your business.

Obtain rating information for each property. A previous occupier’s bill can help identify questions