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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Jan- 2024 -19 JanuaryFood and Drink
Hospitality venues’ sales rise 8.8% over December
Restaurants, pubs and bars saw sales rise by 8.8% over the latest Christmas period compared with data from 2022, according to the latest CGA RSM Hospitality Business Tracker. According to CGA and RSM, the industry saw a sharp increase from 4% in November to more than 8% in December, and…
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18 JanuaryBusiness
UKH Cymru calls for increased business rates relief
UKHospitality Cymru has urged the Welsh Government to increase its business rates relief from 40% to 75%, using allocated funds from the UK Government. The trade body believes that the current plans leave Welsh hospitality businesses significantly worse off than English counterparts. According to data from UKH, a typical pub…
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2 JanuaryNews
Today’s news in brief – 02/01/24
The DLUHC has allocated £25m from the Community Ownership Fund to aid over 70 pubs, cinemas, and museums across the UK. This funding aims to sustain the operations of these community assets and ensure safety in communal areas. Each selected project will receive up to £2m, with 26 community centres,…
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2 JanuaryTrade Associations
UKH sets out plan for 2024
UKHospitality has unveiled a three-point plan which it will focus on in 2024 to put hospitality at the “front and centre of policy making” ahead of the next General Election. The plan includes generating investment through root and branch reform of business rates, creating jobs through Apprenticeship Levy reform and…
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Dec- 2023 -18 DecemberNews
Today’s news in brief – 18/12/23
Hackney Gelato has secured a substantial £1.3m follow-on investment from Pembroke VCT. The funding is set to bolster production, team recruitment, and consumer-oriented marketing efforts. The brand plans to diversify by venturing into new out-of-home spaces like cinemas, theatres, and airlines. Co-founders Enrico Pavoncelli and Sam Newman express their commitment…
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18 DecemberGovernment
10,000 hospitality groups may benefit from Scottish rates relief, reports find
Around 10,000 hospitality businesses would stand to benefit if the Scottish government heeded the calls from UKH Scotland and introduced a business rates relief scheme, replicating support in England, according to The Fraser of Allander Institute. The institute found that those businesses are ineligible for the small business bonus scheme,…
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Nov- 2023 -22 NovemberNews
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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22 NovemberNews
UKH criticises 10% rise in NLW amid business rates row
UKH has criticised the government’s latest announcement that the National Living Wage will rise 10% and 28p more than originally planned, saying that this increase will have a “knock-on” effect on businesses already struggling with costs. Yesterday, the government announced that the NLW will increase to £11.44 from April 2024,…
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22 NovemberBusiness
Confidence in hospitality sector climbs again
Nearly half (49%) of hospitality business leaders feel confident about the hospitality market over the next 12 months, up by four percentage points from August’s figure of 45%. Only 5% of leaders say their business is currently at risk of failure, down from 11% last quarter. The number feeling pessimistic…
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21 NovemberNews
Today’s news in brief – 21/11/23
The NTIA warned that one-fifth of night-time businesses might collapse by January without government support. Over 70% are barely breaking even or running at a loss. Independent businesses make up over half, with 95% calling for a VAT cut and 78% urging an extension of pandemic-era business rates relief. Michael…
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