Business rates are charged on most non-domestic properties such as shops, offices, pubs and holiday rental homes.

Scotland and Northern Ireland use similar methods, but here's how it's worked out in England and Wales.

The sum is property dependent and calculated using what's called a "rateable value," or in other words an estimate of the property's open market rental value by the Valuation Office.

The local council takes that value and multiples it with a figure called the "multipler" to produce the final rate.

What the multipler is also depends on the estimated value of the property - and if the rateable value is below £500,000 then there are different values according to the type of business too.

Wales and the City of London have slightly different rules to the rest of England for calculating multipliers - but they too consider the type of property and its rateable value in order to produce the multiplier.

Image source, PA Media

The government is expected to make an announcement on support for the hospitality industry shortly, likely in the form of an adjustment to business rates for pubs and music venues.

It will be the third consecutive day of cost-saving measures announced by Andy Burnham's government, and follows yesterday's announcement that most bus fares in England will be capped at £2 from January.

Tuesday saw the government cut VAT from household electricity bills from 1 October.

Stay with us as we bring you more details.