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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Sep- 2022 -8 SeptemberNews
Energy bills to be capped at £2,500 a year from October
Prime minister Liz Truss has announced today that energy bills for typical households will be capped at £2,500 annually for their gas and electricity bills from the start of this coming October. The news comes as her first major policy announcement, and according to Sky News, the new price guarantee…
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8 SeptemberBusiness
UKH calls for action as 1 in 5 businesses warn of collapse
UKHospitality has called on the government for increased support as a new survey has found that one in five hospitality businesses saying they will not survive the current crisis, while three in five operators admitted they are no longer profitable. The findings come from a recent survey of hospitality operators,…
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7 SeptemberFeatures
Pubs and the unsustainable rise in costs
It is estimated that seven in 10 pubs believe they will not survive the rising cost of living and increasing energy bills, according to the Morning Advertiser. A further 8% of pubs said they had an increase in utility costs of more than 500% and 65% had an increase of…
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5 SeptemberTrade Associations
UKH urges new PM to ‘act quickly and decisively’ to save sector
UKHospitality has urged the new prime minister to act “quickly and decisively” in order to save the sector in the face of increasing costs due to the energy crisis. The news comes as Liz Truss was confirmed as the new prime minister after beating former chancellor Rishi Sunak in the…
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Aug- 2022 -26 AugustGovernment
CBI calls for emergency grant to tackle energy crisis
The Confederation of British Industry (CBI) with business groups has called for the Government to introduce Covid-style emergency grants and a cut in VAT as part of a package of measures to help firms survive spiralling energy costs. New survey data from the CBI reveals the extent to which businesses…
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3 AugustComment
How the Hospitality Industry can combat the insolvency crisis
After a report from UHY Hacker Young showed that UK restaurant insolvencies have jumped 64% from 856 in 2020/21 to 1,406, Kate Nicholls, CEO of UK Hospitality, warns that “it’s quite clear that this is just the tip of the iceberg”. The past quarter represented the largest number of restaurant…
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Jul- 2022 -27 JulyRestaurants
Two-thirds of hospitality business feel abandoned by government
Almost two-thirds of hospitality businesses feel abandoned by the government, according to new research from Peckwater Brands. The virtual brand operator surveyed 201 senior decision-makers within hospitality businesses. It found that nearly seven-in-10 (69%) of respondents are in favour of the government’s actions which protect hospitality businesses which accumulated debts…
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20 JulyRegulations & Policies
UKH calls for reformed business rates reductions to be reflected in bills
UKHospitality has called for reductions under reformed business rates to be reflected in bills “as quickly as possible” in response to the government’s consultation on transition for the next business rates revaluation In its full response UKHospitality has called for: Assurance that the scheme will allow for all businesses to…
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7 JulyTrade Associations
Hospitality joins forces to strive for fairer treatment from the gov
A group of hoteliers and restaurateurs fed up with the industry being “discriminated against, with disproportionate business rates”, came together at Nailcote Hall Hotel, Coventry in order to help push for change. A meeting took place with CEO of UK Hospitality, Kate Nicholls and Midlands MP, Saqib Bhatti, to discuss…
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4 JulyPubs and Bars
Number of pubs falls by over 7,000 in past decade
The number of English and Welsh pubs fell below 40,000 for the first time during the first half of 2022 with pub numbers having fallen by 7,107 in the last 10 years, new research has revealed. Research by the real estate adviser Altus Group, found that the overall number of…
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