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- 2020 -5 AugustPubs and Bars
One in three pubs fail to break even
Over a third of pubs in the UK have failed to break even after their first month of reopening, the British Beer and Pub Association has reported. The latest data comes from a survey of its members that was conducted exactly a month after pubs were allowed to reopen on…
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Jul- 2020 -23 JulyBeverages
BBPA welcomes SBR reforms
The British Beer and Pub Association (BBPA) has welcomed the government’s continued commitment to Small Brewer Relief (SBR) and “improvements to its current structure”. It also welcomed the launch of the business rates review and an “expected” timescale for the Alcohol Duty Review. The trade association highlights that the purpose…
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9 JulyCoronavirus
Industry reacts to Sunak’s summer statement
The hospitality sector has widely welcomed the series of measures announced by the chancellor in his “summer statement” yesterday, with UKHospitality saying it is “reassuring” that he singled out hospitality and tourism as a “vital part” of the UK’s economy. Yesterday (8 July), along with a £9bn retention scheme that…
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8 JulyBreweries and Distilleries
BBPA urges Sunak to cut VAT and business rates
The British Beer and Pub Association (BBPA) has uged Rishi Sunak to cut VAT, business rates and beer for brewers and pub businesses as they begin their “long and slow road to recovery after lockdown”. The trade association said its sector could, with the right support, help drive the economic…
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6 JulyCoronavirus
Hospitality sector calls for business investment package
Industry leaders in hospitality have urged the government to commit to an “ambitious” programme of business support and investment to stimulate the revival of the sector as restrictions begin to ease. In a letter signed by 120 hospitality leaders, the government has been called on to “act decisively” for a…
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Jun- 2020 -26 JuneNews
Marston’s profits plunge as Covid-19 leads to £40m sales hit
Marston’s has said it remains “uncertain” about its short-term financial outlook, after its profits took a £40m hit following lockdown. Its latest update comes ahead of the reopening of its estate on 4 July. The brewer and operator revealed that its underlying profit before tax was £9.4m in the half-year…
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26 JuneAdvice
The road to recovery for the hospitality sector
The global pandemic has had a huge negative effect on the global events industry and all its stakeholders, from venues, suppliers of key services such as catering, as well as countless freelancers in the industry. In the UK, the events industry generated £70bn of direct spend in 2019 alone, according…
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16 JuneBreweries and Distilleries
Brewers need further support and certainty on when and how pubs can open, says SIBA
Some 80% of small breweries believe the government is “not doing enough” to support them amid the Covid-19 pandemic. In a new survey conducted by Society of Independent Brewers (SIBA) revealed 84% of small breweries expect the coronavirus pandemic and subsequent social distancing measures to have a lasting negative impact…
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May- 2020 -28 MayComment
How can hospitality recover from the Covid crisis?
Covid-19 is a crisis unlike any other people have faced in living memory. Aside from the very real human cost, the economic impact has been devastating, with hospitality among the sectors most severely affected by the pandemic. Marble Arch BID is home to more than 100 restaurants, cafés, bars and…
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6 MayCoronavirus
Business rates revaluation postponed until 2022
A revaluation of business rates will no longer take place in 2021 in line with the government’s latest efforts to “reduce uncertainty” for firms affected by the ongoing pandemic. Communities Secretary Rt Hon Robert Jenrick MP confirmed that legislation has now been introduced to bring the next revaluation forward by…
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