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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May- 2020 -5 MayCoronavirus
MPs support #RaiseTheBar campaign
A new campaign entitled #RaiseTheBar is calling for the government to increase access to funding for struggling hospitality businesses during the ongoing pandemic. According to new research from the campaign, 54,638 businesses, including pubs, restaurants, cafes and bars are currently unable to access the £25,000 Retail, Hospitality and Leisure Grant…
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Apr- 2020 -30 AprilCoronavirus
‘Lack of urgency’ in handing out Covid-19 grants to SMEs, says Colliers
Colliers International said it is concerned about the “lack of urgency” many local authorities are showing in paying out “much needed” grants to businesses, including recipients in the hospitality sector. Colliers said that according to the latest data published by the Government, five weeks after the grants were announced 38%…
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29 AprilComment
The coronavirus crisis: The importance of adapting and reacting
Weathering the storm of the Covid-19 pandemic is a challenge for businesses of all sizes and the situation is continuing to change by the day. The food, hospitality and leisure sectors have been hit hard by the need to close restaurants and there is widespread concern over how these businesses…
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17 AprilCoronavirus
Restaurant, pub and bar sales nosedive 60% in March
Collective like-for-like sales tumbled 57.6% in March amongst the pub, restaurant and bar sector as the nationwide lockdown began, according to the latest Coffer Peach Business Tracker. According to its data, the entire sector was “hit hard”, with a slowdown in sales, which started in February, continuing over the first…
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6 AprilCoronavirus
3,650 pubs and restaurants will miss out on funding due to ‘anomaly’, says Altus Group
More than 3,650 small shops, pubs, restaurants will lose out on £15,000 of government grant funding following an “anomaly”, according to the Altus Group. Last week, a payment of £3.4bn was made to councils to ensure that grants of up to £25,000 would reach businesses “as soon as possible” to…
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Mar- 2020 -30 MarchBusiness Bites
The minimum wage increase is about to hit – and it beggars belief
As if to bang the final nail into the coffin himself, we can only assume the Treasury’s top man, chancellor Rishi Sunak, refuses to give ground on the next wave to crash over the retail and hospitality industries. I am talking of course about the increase in the National Minimum…
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30 MarchCoronavirus
Restaurant and pub insolvencies rose before pandemic, says UHY Hacker Young
There were 1,452 restaurant and 526 UK pub insolvencies last year, according to UHY Hacker Young. The financial firm said that the industry was “stuck in a long-term slump” even before the onset of the Covid-19 pandemic. Some 1,452 UK restaurant businesses and 526 UK pub businesses entered insolvency in…
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27 MarchComment
Stay calm: How to take the coronavirus crisis one day at a time
As a restaurateur that’s been in the industry for many years and has overcome many challenges, I can safely say I have never faced anything as damaging to our business as the current Covid-19 crisis. However, it’s times like these that we all have to pull together to find solutions…
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19 MarchPubs and Bars
Young’s suspends rent for tenants
Pub operator Young’s has announced a new set of measures to support its team across London and the south east. In its latest announcement, the group confirmed it would provide a three-month property rent holiday for all of its tenants, starting this week. The group also said it was doing…
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18 MarchBusiness
Chancellor extends rent holidays to all hospitality businesses
All hospitality businesses are eligible for a one-year business rates holiday after the chancellor, Rishi Sunak, announced a series of new measures to help weather the financial strain caused by the coronavirus outbreak. Last week in his maiden Budget Speech the chancellor, Rishi Sunak, announced a one-year rent holiday for…
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