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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Feb- 2021 -15 FebruaryCoronavirus
Over 160 hospitality CEOs urge chancellor to back sector in 2021
Over 160 CEOs from the UK’s leading hospitality businesses, employing hundreds of thousands of people, have written to the chancellor ahead of next month’s Budget. The letter, coordinated by trade body UKHospitality, calls for decisive support to help the sector survive, rebuild and drive the economic recovery and highlights two…
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15 FebruaryCoronavirus
Deliveroo calls for rerun of EOTHO scheme
Deliveroo and 300 restaurant groups have urged the government to reimplement the Eat Out to Help Out scheme (EOTHO) when the hospitality sector eventually reopens. According to the delivery service, the 50% discount scheme which was first launched last August by chancellor Rishi Sunak would help support struggling restaurants that…
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11 FebruaryCoronavirus
Hospitality should prepare for ‘turbulent year’, says Duff and Phelps
Business owners across the hospitality and leisure sectors throughout the UK need to “take stock” and prepare themselves for yet another turbulent year, says Duff and Phelps. The message comes as the financial solutions provider believes there is “no sign” of current restrictions easing. It comes as current reliefs such…
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10 FebruaryPubs and Bars
Beer and pub leaders push for reopening date as sales plummet 56%
The British Beer and Pub Association (BBPA) and business leaders of the beer and pub industry are pushing the government to confirm a clear timeline and date for the reopening of the sector. It comes as it was revealed that trading restrictions and lockdowns caused sales of beer to plummet…
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3 FebruaryCoronavirus
IBN sets out £35bn strategy to save British hospitality
The Independent Business Network (IBN) has urged the chancellor to implement a £35bn strategy that would work to safeguard British hospitality businesses and save 500,000 jobs. The business group, which champions the needs of family-run and family-owned businesses across the UK, has called for a range of support measures to…
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1 FebruaryCoronavirus
UKH calls for VAT and rates support after ‘worst year on record’
UKHospitality has called for a further extension of VAT and business rates support from the government after the “worst year of trading on record” has left enormous swathes of the hospitality sector on the “verge of collapse”. The plea follows recent figures from UKHospitality’s quarterly sales tracker, in partnership with…
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Jan- 2021 -29 JanuaryCoronavirus
Scottish Hospitality Group calls for more ‘immediate support’
While the Scottish Hospitality Group (SHG) has welcomed new support measures announced in yesterday’s Scottish Government budget, it has warned that financial aid for hospitality “doesn’t go far enough” to support or meet increasing property and staff costs. The measures unveiled yesterday by Kate Forbes include a three-month rates relief…
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28 JanuaryCoronavirus
Pandemic cost hospitality £200m a day in 2020
The pandemic and ensuing lockdowns cost the hospitality sector nearly £200m a day or £8m per hour in lost sales last year, with turnover less than half of 2019 levels, according to new data from UKHospitality and CGA. The latest edition of their quarterly tracker reveals that sales across restaurants,…
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27 JanuaryPubs and Bars
CAMRA: Forced hospitality closure until may will be ‘devastating’
Campaign for Real Ale (CAMRA) has responded to the comments by Sage scientists that hospitality businesses should remain closed until May by suggesting that this would be a “devastating double whammy” for pubs and breweries. The organisation said it was “absolutely critical” for the government to intervene with further support…
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26 JanuaryCoronavirus
Unemployment rises 5% to 1.7m
The UK unemployment rate rose by 5% in the three months to November with over 1.7 million people now out of work, according to the latest figures by the Office for National Statistics (ONS). Since February 2020, the number of payroll employees has fallen by 828,000, however, the ONS said larger falls…
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