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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Feb- 2023 -21 FebruaryTrade Associations
Hospitality leaders’ confidence rises though soaring costs still loom
Hospitality leaders remain “cautiously optimistic” despite soaring costs still threatening weaker businesses, according to the 2023 Business Leaders’ Survey from CGA by NielsenIQ and Fourth. The poll found that 47% felt confident about their business prospects over the next 12 months, up from 29% in CGA’s last survey three months…
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15 FebruaryBusiness
Inflation falls to 10.1% in January
Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to a near 40-year high. According to the latest figures from the Office for National Statistics (ONS), on a monthly basis, inflation fell by 0.6% in January 2023, compared with a…
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Jan- 2023 -16 JanuaryBusiness
UKH says lack of support hinders Scottish hospitality
Scottish hospitality businesses are said to be operating at a “significant” disadvantage to those in England and Wales, as a result of the Scottish government’s reluctance to support businesses, according to UK Hospitality. The hospitality organisation has addressed the Scottish government’s finance and public administration committee on the urgent need…
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Dec- 2022 -16 DecemberPubs and Bars
SBPA says Scottish budget will be ‘met with disappointment’ from hospitality industry
The Scottish Beer and Pub Association has said that the Scottish Government’s latest budget announcement will be “met with disappointment” from hospitality operators. According to the SPBA, crucial to the disappointment will be the decision not to replicate the business rates relief. Emma McClarkin, CEO of the Scottish Beer and…
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7 DecemberRestaurants
BBPA appoints new director of communications external affairs
The British Beer and Pub Association has appointed Shraddha Kaul as its new director of communications and external affairs. Kaul joins the organisation, which represents UK pubs and brewers, from the British Poultry Council where she achieved a landmark policy win from the Government in the form of a new…
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5 DecemberPubs and Bars
Energy costs ‘biggest threat’ to pubs’ viability, report finds
Energy bills returning to their regular rate post-March would put pubs and brewers at a loss of 20% on average, according to a new report by Frontier Economics, produced for the British Beer and Pub Association (BBPA). The report found that energy costs were currently the biggest threat to their…
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1 DecemberRestaurants
Loungers revenues rise by 53% in H1
Loungers has reported that it is “well-placed” to out-perform during a recession as its revenues grew by 53% in the 24 weeks ended 2 October compared to the first half of 2020. Over the period, Loungers’ accrued an adjusted EBITDA of £19.3m, a growth of 33.4% compared to the same…
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Nov- 2022 -18 NovemberGovernment
Industry reacts: ‘More is needed’ from Autumn Statement
The hospitality industry has warned that the chancellor’s Autumn budget, unveiled yesterday (17 November), does not go far enough with plans for economic growth, adding that “more is needed” to support pubs and breweries. Responding to the Autumn Statement, UKHospitality CEO Kate Nicholls, said she was “pleased that the chancellor…
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14 NovemberBusiness
Hospitality faces £900m business rates hike
Hospitality businesses will face a £3.6bn bill next April if business rates increase in line with inflation and current relief is ended, a business rates increase of £900m, on top of the £2.7bn the sector currently pays. Ahead of the Autumn Statement this week, UKHospitality CEO Kate Nicholls is urging…
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Oct- 2022 -31 OctoberBusiness
Third of hospitality businesses at risk of going bust amid soaring costs
Over a third of the UK’s hospitality sector is at risk of business failure in early 2023 due to soaring energy costs and the rise in the cost of goods, according to a new survey by UKHospitality, the British Beer and Pub Association (BBPA), the British Institute of Innkeeping (BII)…
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