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- 2021 -28 OctoberGovernment
UKH welcomes ‘positive’ Budget speech but urges Gov to ‘go further’
UK Hospitality has said yesterday’s (27 October) announcements by the chancellor in his Budget speech are a positive step but also urged the government to “go further” to support the “fragile” industry. It comes after Rishi Sunak unveiled a 50% discount on business rates for the hospitality, retail and leisure…
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27 OctoberNews
Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure
Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to £110,000), equating to a business tax cut worth £1.7bn, the biggest single-year rates cut for firms in over 30 years. Unveiling his latest Budget in the Commons today (27 October),…
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25 OctoberTrade Associations
Over 200 CEOs sign letter urging chancellor to permanently keep 12.5% VAT
Over 200 chief executives of the UK pubs, bars, restaurants, cafés, hotels, leisure parks, nightclubs, entertainment venues, and visitor attractions have signed a letter to the chancellor urging for a permanent cut to VAT. Ahead of his Budget next Wednesday (27 October), industry leaders have called for a permanent reduced…
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Sep- 2021 -21 SeptemberBusiness
Hospitality business optimism rises, CGA reveals
Some seven in 10 (70%) restaurant, pub and bar leaders have expressed their optimism about their businesses’ prospects for the next 12 months, according to the latest Business Confidence Survey from CGA. The survey showed that nearly three in five (58%) leaders felt optimistic about prospects for the general market…
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Aug- 2021 -25 AugustTrade Associations
UKH and BII call for further business rates reform
UKHospitality (UKH) and the British Institute of Innkeeping (BII) have combined to urge the Government to introduce business rates reform. The trade bodies together welcomed the opportunity to comment on the business rates revaluations consultation, and supported the notion to increase revaluations to every three years. However, they claimed that…
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23 AugustTrade Associations
Hospitality sector still struggling despite customers’ return to venues, UKH warns
Despite 56% of consumers returning to hospitality venues in the first 10 days after ‘Freedom Day’ last month, compared with 35% in 2020, thousands of businesses are still struggling compared to pre-pandemic, according to the latest UK Hospitality survey. A survey by the group found that it took over six…
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13 AugustTrade Associations
Hospitality contributed to 40% of Q1 to Q2 economic growth, says UKH
The hospitality industry reportedly contributed to 40% of the UK’s total economic growth between Q1 and Q2 2021. The figure comes from the latest UKHospitality Quarterly Tracker, produced by CGA, which followed ONS data revealing the UK GDP to have grown 4.8% in June. Kate Nicholls, chief executive at UKH,…
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12 AugustGovernment
UK economy surges 4.8% in June
The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK, according to figures published by the Office of National Statistics (ONS). Gross domestic product (GDP) is estimated to have grown for a fifth consecutive month in June 2021, by 1.0%,…
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Jul- 2021 -30 JulyTrade Associations
Hospitality businesses miss out on £100.2bn in sales due to Covid
Hospitality businesses have suffered a £100.2bn drop in sales from pre-pandemic levels in the 15 months since the start of the pandemic, according to the latest edition of the UKHospitality Quarterly Tracker with CGA. Prolonged closures and trading restrictions have both limited total sector sales in the 12 months to…
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28 JulyPubs and Bars
Marston’s reopening sales beat expectations
Marston’s pub group has reported that overall sales for the 42 weeks to 24 July 2021 have been “encouraging, and better than expectations”. In the first week of trading since restrictions were lifted on 19 July, the group said it saw a “modest uplift” in sales adding that whilst this…
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