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 -28 JanuaryPubs and Bars
BBPA calls for heightened gov support after ‘devastating’ winter
While publicans and brewers have “raised their glasses” following the end of Plan B restrictions this week, the BBPA is still calling for more government support as the “devastating” impact of Omicron over winter has become clear. The BBPA is urging the government to help combat the increasing financial pressures…
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28 JanuaryBusiness
UKH welcomes launch of mission to help 500,000 find work
UK Hospitality has welcomed the launch of a new Department for Work and Pensions (DWP) scheme to help 500,000 jobseekers into work by the end of June. It comes after latest figures from the ONS showed the demand for workers with a record 1.2 million vacancies to fill, 59% higher…
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24 JanuaryGovernment
VOA ‘aggressively pursuing’ fines for hospitality, warns Colliers
The government’s Valuation Office Agency (VOA) has reportedly accelerated its demands to hotel and pub businesses by issuing and “aggressively pursuing” an increasing number of fines for late Valuation Forms of Return, Colliers Business Rates Team has warned. It said the increased fines are being sought despite the fact that…
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20 JanuaryPubs and Bars
Revolution Bars posts upbeat trading update
Revolution Bars Group, the operator of 67 premium bars, trading mainly under the Revolution and Revolucion de Cuba brands, has announced that like-for-like (LFL) sales for the majority of the half, from 19 July 2021, when restrictions were relaxed in England, to 13 November were very strong at +14% versus…
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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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