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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Aug- 2021 -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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22 JulyTrade Associations
Freedom day ‘does not mark easing of challenges’, trade bodies warn
UKHospitality, The British Beer and Pub Association and The British Institute of Innkeeping have all warned that the easing of restrictions does not mark an “easing of challenges” for sector businesses. In a recent survey by the trade bodies of over 350 businesses operating tens of thousands of venues, it…
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Jun- 2021 -29 JuneTrade Associations
UKH calls on Gov for mitigating measures after ‘freedom day’ delay
UKHospitality has urged the Government to consider a range of mitigating measures in relation to mounting costs for hospitality businesses as the easing of lockdown restrictions is delayed. The trade association claimed that the stall to reopening risks further business failures as a result of unsustainable accrued debts on top…
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29 JuneRestaurants
Tasty sees takeaway and delivery sales ‘perform well’
Tasty, the operator of restaurants in the casual dining sector, has revealed that for the six-week period to 27 June 2021, takeaway and delivery sales “performed well” during the most recent lockdown. Following the easing of lockdown restrictions on 17 May 2021, most of the company’s estate reopened, with 49…
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21 JuneTrade Associations
FSB calls for new strategy to help UK hospitality sector
The Federation of Small Businesses (FSB) has published a new report, which is calling on the government to provide a new strategy to assist the UK’s hospitality and tourism sectors. Titled ‘A Menu for Recovery’, the report outlines a series of recommendations for both sectors, including extending the hospitality VAT…
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15 JuneCoronavirus
Sunak to reject furlough extension calls despite ‘freedom day’ delay
Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report to businesses despite the prime minister announcing a four-week delay to the lifting of restrictions. According to the Guardian, sources close to the chancellor have said that he believes sufficient…
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