Alcohol Duty

Budget: Increases to employers’ NI and minimum wage

The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…

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Hospitality unites to support business rates reform

A number of hospitality trade organisations have united to call for reform to the business rates model. UKHospitality (UKH), the British Beer and Pub Association (BBPA), British Institute of Innkeeping (BII) and Hospitality Ulster (HU) have produced a survey detailing the biggest issues for the sector. According to the survey,…

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Today’s news in brief – 08/03/24

BM Caterers has won contracts worth more than £10m over the last six months, with clients across the legal, investment, real estate and media sectors. The group’s new clients include global real estate investor, developer and manager Hines, law firm Lewis Silkin, and power tools business STIHL. The NTIA has…

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Spring Budget tells hospitality ‘you are on your own’, says NTIA

The Night Time Industries Association has voiced profound disappointment over the lack of substantial support for the sector in the Spring Budget, characterising the chancellor’s message as ‘you are on your own’. In the wake of the Spring Budget announcement on 6 March, the NTIA has emphasised the dire economic…

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Chancellor cuts NI by a further 2p as part of Spring Budget

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…

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How hospitality businesses can survive in 2024

2024 has only just begun, and we’ve already witnessed a spate of small business closures across the hospitality sector. With the winding up of independent businesses across England, Wales and Scotland, questions have again been raised about the amount of governmental support available to one of the UK’s most beloved…

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NTIA and IoH join forces on hospitality survival campaign

The Night Time Industries Association (NTIA) and Institute of Hospitality (IoH) have announced they are joining forces on the Leave No One Behind campaign. The campaign is aimed at advocating for the survival and recovery of their collective membership of over 20,000 businesses in the UK. The united campaign comes…

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Quarter of hospitality venues have run out of money, survey finds

A quarter of hospitality businesses have no cash reserves and a further 29% have less than three months’ worth, according to a joint survey by UKH, the BBPA, BII and Hospitality Ulster.  The joint survey also found that 98% of businesses have seen food and drink costs increase,  while 96%…

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Chancellor extends business rates relief for hospitality

Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. As part of the new measures, Hunt revealed that National Insurance will be cut from…

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The industry reacts to the new alcohol duty hike

Last Tuesday (1 August), the significant shake-up of alcohol taxation arrived, meaning that tax is now levied based on a drink’s strength. This means that the overall duty on most wines and spirits have increased, while taxes on lower alcohol drinks and most sparkling wines have fallen.  The changes, which…

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