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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Apr- 2024 -10 AprilNews
Today’s news in brief – 10/04/24
The Portobello Pub Company has acquired Darwin and Wallace for an undisclosed sum. The acquisition will add seven “high-volume” venues in Battersea Power Station, Clapham Old Town, Wimbledon and Richmond. Darwin and Wallace will continue to operate under the same name. Sessions raised £3m from Guinness Ventures to expand its…
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10 AprilTrade Associations
UKH welcomes Labour’s plan to reform business rates
UKHospitality has welcomed the Labour party’s plan for high streets and its intention of fixing the business rates system, as the industry body called the current system “archaic”. News follows the Labour party’s announcement of its plan for high streets, including replacing business rates with a new system of business…
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Mar- 2024 -7 MarchNews
Today’s news in brief – 07/03/24
Young’s Pubs has acquired City Pub Group for £162m. The deal has added 51 wet-led pubs to the group’s managed trading estate, taking its overall estate to 279. Young’s has also expanded into new markets including Norwich and Cambridge thanks to the deal. UKH Scotland urged the Scottish government to…
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7 MarchNews
Gaucho launches VAT-free Friday lunches
Gaucho has decided to launch VAT-free lunches on Fridays during March in all its ten central London locations. The decision follows the decision for the Chancellor not to abandon the ‘tourist tax’ in the Spring Budget as well as the Mayor of London’s campaign to bring back Friday trading in…
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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…
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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…
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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,…
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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…
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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…
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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%…
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