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- 2020 -17 MarchBusiness
Colliers calls for Rates Deferment Scheme introduction amid Covid-19
Business rates experts at Colliers International have called for the Government to introduce a three-month or even six-month business rates deferment scheme to help businesses impacted by the coronavirus. It follows last Wednesday’s (11 March) Budget announcement, which Colliers said was “largely applauded” for the support given to smaller retail,…
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16 MarchTrade Associations
UKHospitality calls for ‘enhanced’ government support amid coronavirus outbreak
UKHospitality has called on the UK Government to “step up” its package of business support as the effect of coronavirus continues to spread. It said the package of measures announced in the Budget on Wednesday were “helpful”, but do not go “nearly far enough” to support the vast majority of…
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11 MarchBusiness Bites
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures include: A £12bn plan to provide…
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10 MarchRestaurants
UKHospitality calls for business support to deal with coronavirus threat
Hospitality businesses need “immediate and wide-ranging support” to deal with the threat of the coronavirus, UKHospitality has said. The body, which represents 700 businesses, has written to the prime minister highlighting the impact of COVID-19 “already being felt by businesses around the country”. UKHospitality said hotel occupancy has fallen 15%,…
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9 MarchAdvice
How to adjust your business to the new immigration policy
Last month the government announced a new immigration policy that provoked a big reaction from our industry. The impact of restricting so-called “lower-skilled” workers from the EU and elsewhere overseas means many businesses are warning of staff shortages. The government’s terminology is dangerous, not to mention patronising, for a large…
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Feb- 2020 -24 FebruaryPubs and Bars
Calls for new Treasury minister to cut tax on beer sold in pubs
The Campaign for Real Ale (CAMRA) has written to the new chancellor and his Treasury team to call on them to slash tax on beer sold in pubs. With a new chancellor of the Exchequer, chief secretary to the Treasury and Exchequer secretary to the Treasury appointed in the recent…
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24 FebruaryGovernment
Hospitality insolvencies at highest level in seven years
Insolvencies in the hospitality sector increased by 10.4% in 2019, the highest amount in seven years, according to analysis by real estate adviser Altus Group under the Freedom of Information Act. The Insolvency Service, an agency of The Department for Business, Energy and Industrial Strategy, paid out a total a…
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13 FebruaryRestaurants
Sales rise at pubs, bars and restaurants in January
Britain’s managed pub, bar and restaurant sector saw collective like-for-like sales increase by 1.9% in January, according to the latest figures from the Coffer Peach Business Tracker. Karl Chessell, director of CGA, the business insight consultancy that produces the Tracker, in partnership with The Coffer Group and RSM, said “reasonably…
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Jan- 2020 -30 JanuaryPubs and Bars
Fuller’s reports strong sales growth over Christmas period
Fuller, Smith and Turner has reported a 4.3% increase in like-for-like sales of managed pubs and hotels over the Christmas trading period. The group also saw a 2.5% increase in sales during the 42 weeks ended 18 January 2020, with all areas of the business, including food, drink and accommodation,…
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9 JanuaryBusiness Bites
Who would have thought skinny jeans could be anyone’s undoing?
It’s not often that the business pages give you a good belly laugh. But today we have the spectacle of Marks & Spencer blaming its poor Christmas trading results partly on an oversupply of skinny jeans for men. Apparently customer surveys revealed that the high street bellwether’s ranges were “too old” the…
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