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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Oct- 2022 -26 OctoberBusiness
HospoDemo to stage third protest as it urges gov to prevent closures
The hospitality industry is set to stage its third protest next month at Parliament Square, urging the government to make policy changes to prevent “catastrophic closures” within the sector. The protest will be held at 11am on Monday 14 November, with members of the hospitality industry invited to converge on…
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20 OctoberBusiness
Hospitality loses 2,200 sites in three months amid cost challenges
Britain’s hospitality sector saw a net decline of one closure every hour in the third quarter of 2022, including pubs, bars, restaurants, cafes and hotels, according to the latest Hospitality Market Monitor from CGA and AlixPartners. The closures over the last quarter follow a “sharp rise” in prices in energy,…
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19 OctoberBusiness
Rising food prices push inflation back to 10.1%
Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August, with rising food prices as the main contributor, according to the latest figures from the Office for National Statistics (ONS). The increase to the annual inflation rate in September 2022 reflected, principally, rising food…
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17 OctoberPubs and Bars
Hospitality driving recovery in cities post-Covid, CGA finds
The hospitality sector is driving the economic recovery of major cities post-pandemic, with Birmingham reported as the most vibrant city thanks to its restaurants, pubs and bars, the CGA has found. Its latest ‘Top Cities’ report, conducted alongside connectivity solutions provider Wireless Social, provided a ‘vibrancy’ ranking of Britain’s 10…
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12 OctoberGovernment
UKH welcomes Energy Prices Bill
UKHospitality chief executive Kate Nicholls has welcomed the Government’s new Energy Prices Bill adding that it will provide “relief to all manner of hospitality businesses”. Under the new bill, consumers will pay a fairer price for their electricity as the UK government introduces new emergency powers that will ensure consumers…
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11 OctoberPubs and Bars
Number of pubs ‘vanishing’ up by 50% in last 3 months
The number of pubs that have vanished from the communities that they once served has rocketed by 50% in the last three months, according to real estate adviser Altus Group. It warned that 50 pubs a month are now disappearing from communities across England and Wales. During the three months…
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Sep- 2022 -26 SeptemberPubs and Bars
Brighton Pier Group hits ‘record’ revenues of £40m in FY22
The Brighton Pier Group, owners of Brighton Pier Palace and nine bars across the UK, has reported record revenues of £40.1m, compared with £13.5m in 2021, up 25% on the same pre-Covid period in 2019. In the year to 26 June, 2022, the group reported EBITDA of £10.8m for the…
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23 SeptemberCafes and Coffee Shops
Creams launches emergency support package for franchisees
Creams has announced it has launched an emergency franchise partner support package to help and guide its partners through inflationary pressures, the cost-of-living crisis and other ongoing economic and societal challenges. The full support package includes financial incentives such as a reduction on royalty fees from October 2022 until February…
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21 SeptemberPubs and Bars
City Pub Group trading hits pre-Covid levels in H1
City Pub Group has announced that trading volumes have returned to pre-pandemic levels in the first half of the year and remain stable despite a “very challenging” environment. In the six months to 26 June, 2022, trading was on an upward trajectory, with revenues of £26.1m, up from £8.9m the…
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13 SeptemberNews
Liberation Group reports ‘encouraging performance’ amid 6.3% sales rise
The Liberation Group, consisting of over 120 pubs, bars and inns across the UK, has reported that over the period of 21 May to 3 September 2022 its total LFL sales across its managed pub division was up 6.3% on 2021 figures and 30.0% up on 2019. It said that…
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