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- 2021 -22 JanuaryCoronavirus
New ‘cash cocktail’ urgently needed, says UKHC
UKHospitality Cymru has urged the Welsh government to find a “new and potent cash cocktail of financial support” to help the hospitality sector survive. The plea comes hours before first minister Mark Drakeford is set to give an updated coronavirus briefing regarding the level of infection rates today (Friday 22…
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21 JanuaryPubs and Bars
CARA calls on chancellor to cut tax on draught beer
CARA (the Campaign for Real Ale) is calling on the government to cut the tax on draught beer. The campaign is urging chancellor Rishi Sunak to commit to cutting the tax charged on beer served on tap in pubs and social clubs to help them rebuild their businesses once the…
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20 JanuaryTrade Associations
UKH calls for business rates holiday and VAT cut extension
UKHospitality (UKH) has written to the chancellor calling for an additional support package to accelerate the sector’s revival in 2021. The trade organisation asked the government to consider enacting further business rates holiday for hospitality businesses and an extension of the VAT cut to 5% for a further 12 months,…
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19 JanuaryGovernment
Sunak looks to raise corporation tax in March budget
Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the economic impact of Covid-19. However, it…
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13 JanuaryCoronavirus
Greene King extends 90% rent concessions
Greene King has announced it will be continuing its rent support for tenants during the latest lockdown, with tied tenants receiving 90% rent concessions. Following the government’s announcement of grants of up to £9,000 for individual hospitality businesses, the pub and hotel group wrote to all of its 1,000 tenants…
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12 JanuaryTrade Associations
UKH Scotland warns financial support must go further
UKHospitality Scotland has warned that the new government financial support will not be enough to prevent some hospitality businesses from collapsing and losing jobs. The Scottish government has announced that, in addition to the grants businesses receive through the Strategic Business Framework Fund, eligible businesses will also get a one-off…
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12 JanuaryPubs and Bars
Support for pubs not enough, warns BII
Less than one in four pubs in the UK have received the full payment of grants they were entitled to in the autumn and winter months of 2020, according to a survey carried out by the British Institute of Innkeeping (BII). The trade body’s research into how pub owners access…
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11 JanuaryCoronavirus
Pandemic costs D&D London £2.5m a month, owner warns
Des Gunewardena, the owner of restaurant group D&D London, has written to the government calling for greater support ahead of today’s (11 January) parliamentary debate on the hospitality industry. In a letter addressed to chancellor Rishi Sunak, Gunewardena revealed that Covid-19 is costing D&D London £2.5m per month of closure.…
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11 JanuaryPubs and Bars
37 pubs closed every month in 2020
Around 37 English and Welsh pubs closed every month in 2020, according to analysis of official government data by real estate adviser Altus Group. The research showed that the overall number of pubs in England and Wales, liable for business rates, including those left vacant and being offered to let,…
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8 JanuaryPubs and Bars
Star Pubs & Bars invests £4m in lockdown rent concessions
Star Pubs and Bars will continue to offer all its leased and tenanted pubs a 90% rent reduction during the weeks in which hospitality businesses are required to close in England, Scotland and Wales. Its pubs will receive the concession regardless of whether or not they choose to operate a…
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