Business Rates
We provide essential coverage of business rates policy and reform, and how it impacts operators across the UK foodservice and hospitality sector. From government relief schemes and revaluation updates to lobbying efforts led by UKHospitality and industry coalitions, this captures the key developments influencing site viability and cost pressures. Whether you run a single high-street restaurant or oversee a multi-site pub or catering group, we explain how changes to the business rates system affect your bottom line, and what you need to know to plan ahead.
-
Mar- 2024 -7 MarchTrade Associations
UKH Scotland urges govt to use extra £295m for sector support
UKHospitality Scotland has urged the Scottish government to allocate £295m towards supporting the hospitality industry. Calls from UKH to increase the government’s monetary support of the industry comes as Scotland will receive around £295m in additional funding through the Barnett formula. Since the start of the pandemic, Scotland has lost…
Read More » -
6 MarchNews
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…
Read More » -
Feb- 2024 -29 FebruaryTrade Associations
Hospitality bosses back UKH’s call for action at upcoming Budget
Hospitality CEOs from groups including Mitchells and Butlers, Accor Hotels, Stonegate Pubs and Crerar Hotels have signed an open letter urging the Chancellor to take immediate action at the budget to prevent further business failure. In the letter, UKH and a total of 112 business leaders highlighted how rising costs,…
Read More » -
22 FebruaryPeople
Hospitality confidence dips amid soaring costs
Some 41% of the UK’s top hospitality groups currently feel confident about the hospitality market over the next 12 months, down by 8% since October 2023, an exclusive poll by CGA by NIQ has reported. The proportion of leaders who feel optimistic about prospects for their own business in the…
Read More » -
21 FebruaryAdvice
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…
Read More » -
19 FebruaryTrade Associations
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%…
Read More » -
Jan- 2024 -29 JanuaryRestaurants
Buzzworks sees revenues rise to £29.9m
Buzzworks Holdings Limited has reported a 19% increase in revenue to £29.9m for the year ending 30 April 2023. Its like-for-like sales were also up 5.3% for the five weeks to 31 December 2023 which came on top of “strong growth” last year. However, the group recorded underlying EBITDA before…
Read More » -
25 JanuaryNews
Today’s news in brief – 25/01/24
Hospitality vendors in the North have averaged 7.2% sales growth in 2023, despite the cost of living crisis and escalating business rates. New research conducted by Northern Restaurant and Bar in partnership with CGA by NielsenIQ revealed that Newcastle (12.7%) and York (9.2%) lead the uptrend, followed by Sheffield (7.1%),…
Read More » -
25 JanuaryNews
Northern hospitality venues welcome 7.2% sales growth in 2023
Hospitality vendors in the North have demonstrated growth and resilience over the past year, averaging 7.2% sales growth despite the cost of living crisis and escalating business rates. New research conducted by Northern Restaurant and Bar in partnership with CGA by NielsenIQ revealed all northern England cities saw a growth…
Read More » -
24 JanuaryNews
Scottish pubs and hotels ‘left behind’ due to lack of support, UKH Scotland says
Hospitality businesses are being financially disadvantaged by a lack of support by the Scottish Government, new analysis by UKHospitality Scotland shows. An average pub in Scotland will be £15,000 worse off than its equivalent in England, with a medium-sized hotel finding themselves £30,000 worse off. Larger businesses have been denied…
Read More »
