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- 2022 -13 JanuaryPubs and Bars
Hospitality recovery dampened by Omicron as December takes £3bn hit
The hospitality sector has suffered “devastating” sales falls in the last week of the year, according to the latest pub, bar and restaurant market figures from UKH and CGA. The wider hospitality sector witnessed a 40% drop in sales for the month versus the same period in 2019, as depleted…
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13 JanuaryRestaurants
Star to offer rent concessions to Welsh and Scottish tenants
Star Pubs and Bars has announced that it is offering all its pubs on core leased and tenanted agreements in Scotland and Wales 30% rent reductions to support them while they are subject to additional Government restrictions. The move follows its £62m rent support since March 2020, The rent concessions…
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7 JanuaryBusiness
Everards reports £3.4m loss in FY21
Everards has reported an operating loss of £3.4m for the financial year ending September 2021, along with a £1.3m loss for the year ending September 2020. The company said that trading restrictions for nine months of the year is the reason behind the loss, which was reportedly driven by a…
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4 JanuaryRestaurants
Tasty hit by ‘weaker’ Christmas trading period
Restaurant group Tasty has revealed that trading across for the second half of the year up until December 2021 was “disappointing” and “weaker” than previous years as a result of Covid-19 restrictions. The rising infection rates of the Omicron variant and in particular the reinstatement of working from home advice…
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Dec- 2021 -23 DecemberCoronavirus
More than 400 pubs vanish in England and Wales in 2021
More than 400 pubs have disappeared from communities in England and Wales as the number calling last orders flatlined despite the toll of the pandemic, according to real estate adviser Altus Group. It revealed the number of pubs across England and Wales in 2021 was “largely unchanged” from last year.…
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21 DecemberCoronavirus
Sunak unveils £1bn support package for Omicron-hit businesses
Chancellor Rishi Sunak has announced a further £1bn support package for businesses impacted by the new Omicron variant. As part of the support, businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises. There will also be more than…
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21 DecemberNews
Weekend hospitality sales plummet 40%, UKH finds
New figures show over half (54%) of venues were down more than 40% in revenues last weekend, according to industry body UKHospitality. One in five businesses reported a sales drop of more than 60%, whilst 88% of operators say they feel negative about the potential of New Year’s Eve trading.…
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20 DecemberCoronavirus
UKH calls for gov support amid threat of further restrictions
UKHospitality has called on the government to provide the necessary support to the hospitality sector amid reports that further restrictions to help battle the surge in Omicron cases could soon be announced. UKH chief executive Kate Nicholls said that need for support comes as trading has already been “hugely damaged…
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16 DecemberCoronavirus
Colliers calls for hospitality support amid ‘massive impact’ of Plan B
Calls from Chris Whitty for people to scale back their Christmas plans after Britain recorded 78,000 Covid in one day has had a “massive knock-on impact” on the retail, hospitality and leisure sector, which now urgently needs Government support, according to Colliers. As the public is heeding government advice to…
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Nov- 2021 -12 NovemberBusiness
Hospitality remains an ‘industry in peril’, UKH warns
The hospitality sector is ‘an industry in peril’ according to the latest edition of the UKHospitality and CGA Quarterly Tracker, which has revealed both Q3 2021 sales and full 12-month figures are nearly half what they were over the same period pre-pandemic. The data shows a 45% drop in sales…
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