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.
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Aug- 2024 -14 AugustNews
Today’s news in brief – 14/08/24
Starbucks has appointed Brian Niccol as its new incoming CEO from 9 September this year. It comes as Laxman Narasimhan is stepping down from the role with immediate effect. In the meantime, CFO Rachel Ruggeri will serve in an interim capacity. Niccol currently serves as chairman and CEO of Chipotle…
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14 AugustTrade Associations
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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Jul- 2024 -31 JulyTrade Associations
UKH calls new LPC 2025 remit ‘disruptive and unhelpful’
UKHospitality has called changes to the Low Pay Commission’s (LPC) remit for 2025 “disruptive and unhelpful”, claiming that wages rates must strike an “affordable balance to help deliver growth for both businesses and staff”. Business secretary Jonathan Reynolds has ordered the LPC to factor in the future cost of living…
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23 JulyPubs and Bars
Fuller’s LFL sales rise 5.3% in Q1
Fuller’s has reported that trading momentum has continued, as it delivered a strong like-for-like sales growth of 5.3% for the first 16 weeks of the year. The pubs and hotels business also revealed that its margins have recovered off the heels of inflationary pressures easing. Since the year-end, Fuller’s has…
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5 JulyGovernment
UKH: ‘Labour needs to deliver on its commitments, and quick’
UKHospitality chief executive Kate Nicholls has said that “we need to see Labour deliver on its commitments, and quick,” after the party secured a landslide victory at the general election. The UKH boss said within the first 100 weeks, the sector needs to see reduced employer National Insurance Contributions to…
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Jun- 2024 -28 JunePubs and Bars
Nightcap to re-register as a private limited company
Bar operator Nightcap has announced the proposed cancellation of admission of its ordinary shares to trading on AIM, a re-registration as a private limited company, and adoption of new articles of association. As a result, directors have undertaken an “extensive” review to evaluate the benefits and drawback to the company…
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17 JuneNews
Today’s news in brief – 17/06/24
The number of pubs closing permanently saw a sharp 56% rise in Q1, according to analysis of official government data by Altus Group. This is a rise from the 51 pubs a month closing during the first quarter of 2023. England’s North West region lost 35 pubs, the most of…
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17 JunePubs and Bars
Pub closures spike 56% in Q1
The number of pubs across England and Wales closing for good saw a sharp 56% increase in the first three months of the year to 80 a month, according to analysis of official government data by Altus Group. This is a rise from the 51 pubs a month closing during…
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13 JuneTrade Associations
‘Back hospitality to serve Britain’, UKH urges
UKHospitality plans to call on all political parties to give their backing to the sector at its annual summer conference, as it maintains that hospitality can grow at a “significantly” faster rate than the wider economy. According to economic analysis from UKH and Ignite Economics, the sector can grow by…
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6 JuneTrade Associations
UKH launches election toolkit for businesses
UKH has announced the launch of its election toolkit for hospitality, which will offer the opportunity for businesses to invite parliamentary candidates in their constituency to their venue to “impress upon them the importance of the sector”. This launch is part of the trade body’s pre-election campaigning, which started at…
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