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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Mar- 2021 -3 MarchFeatures
An insight into the pub sector’s investor interest
Following a spate of high profile investment rounds and acquisition rumours within the UK’s pub sector, a number of questions have been raised. Why has investor interest recently spiked within the industry? Why are a number of high profile deals falling through? And more simply, what do these kinds of…
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3 MarchCoronavirus
Sunak to extend furlough scheme until September
Chancellor Rishi Sunak is expected to extend the furlough scheme until September as part of his March Budget which will be announced today (3 March). According to The Times, Sunak will state that the country is in a “moment of crisis” as he extends furlough for another five months, taking…
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1 MarchCoronavirus
‘Decisive financial support’ needed to save hospitality, says APPG
The All-Party Parliamentary Group for Hospitality and Tourism (APPG) is urging chancellor Rishi Sunak to provide “decisive financial support to protect sector businesses crucial to communities around the UK”. The plea comes in a letter signed by more than 80 MPs written to Sunak ahead of this week’s Budget, with…
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1 MarchCoronavirus
Chancellor to unveil £5bn support package
Chancellor Rishi Sunak is expected to offer over 700,000 retail, hospitality and other businesses grants of up to £18,000 as part of a £5bn rescue package to be included in his Budget speech on Wednesday (3 March). The new ‘Restart Grants’ will be directly distributed from local authorities from April…
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Feb- 2021 -26 FebruaryCoronavirus
Over 200 hospitality leaders plead for emergency support
More than 200 industry leaders and trade bodies representing the UK’s hospitality and pub sectors have warned the Government that, unless a “substantial package of support” is announced at the Budget, nearly two thirds of businesses may not be able to make it to the end of lockdown. UKHospitality, the…
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25 FebruaryCoronavirus
Hospitality leaders ‘optimistic’ of long-term future, CGA finds
Hospitality leaders are reportedly optimistic about the long-term future of the sector, though “urgent” support is still required to help them navigate reopening, according to the CGA Business Leaders’ Survey 2021. The survey, which was conducted in collaboration with UKHospitality, British Beer and Pub Association and the British Institute of…
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24 FebruaryCoronavirus
Chancellor expected to extend furlough until May
Chancellor Rishi Sunak is expected to announce a further extension to the government’s furlough scheme until May in his Budget speech next week. According to The Times, the move is expected after Boris Johnson promised not to “pull the rug out” from businesses when restrictions eventually begin to ease under…
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23 FebruaryTrade Associations
UKH: Sector ‘devastated’ by late reopening date
UKHospitality has claimed that the sector is “devastated” by the late reopening date for hospitality, adding that the chancellor has “just nine days” to save thousands of businesses and hundreds of thousands of jobs that simply “will not be there” without a substantial package of compensation. The news follows the…
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18 FebruaryTrade Associations
UKH urges industry to ‘send a message’ to gov ahead of March Budget
UKHospitality (UKH) is calling on businesses in the hospitality sector to “send a message” to the government by supporting a campaign to secure further financial support ahead of Rishi Sunak’s budget announcement next month. The trade association has garnered support for the campaign from leaders in the industry, including representatives…
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17 FebruaryCoronavirus
UKH Scotland welcomes business rates relief extension
UKHospitality Scotland has said the decision to extend business rates relief for another year is a “very positive and pragmatic move” by the Scottish Government. The new plans, which were announced on 16 February by finance secretary Kate Forbes, are part of a £1.1bn consequential funding from UK government coronavirus…
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