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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Dec- 2024 -5 DecemberNews-In-Brief
Today’s news in brief – 05/12/24
UKH Scotland has welcomed the new 40% business rates relief for the sector, which will provide “much-needed support” for eligible hospitality businesses. However, the trade body also highlighted that 2,600 Scottish hospitality businesses will still miss out. Those businesses face increased employer NICs from the UK Budget. Itsu has secured…
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5 DecemberGovernment
UKH Scotland welcomes business rates relief but warns thousands excluded
UKHospitality Scotland has said the new 40% business rates relief for hospitality businesses announced in the recent Scottish Budget will provide “much-needed support” for eligible hospitality businesses, but highlighted that thousands will miss out. In yesterday’s (4 December 2024) Budget, the Cabinet Secretary for Finance and Local Government Shona Robison…
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Nov- 2024 -27 NovemberNews
Contract caterers’ sales jump 7% in Q3
Britain’s contract caterers’ sales grew 7% year-on-year in the third quarter of 2024, the latest Contract Catering Tracker from CGA by NIQ and Bidfood reported. The figure was slightly behind the rate of 10% in Q2 of this year, but sales over the last 12 months have increased 9%. It…
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22 NovemberNews-In-Brief
Today’s news in brief – 22/11/24
D&D London revealed that its CEO and co-founder will be stepping down from his role after 30 years on 31 December 2024. David Loewi will serve as advisor to the board with a particular emphasis on international expansion, while a new CEO is appointed. Today, D&D London owns and operates…
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22 NovemberTrade Associations
UKH urges Scottish govt to bring in 40% business rates relief
UKH has called for the Scottish government to introduce at least 40% business rates relief for hospitality business, as new analysis from the trade body reveals that Scottish hospitality businesses will be significantly worse off than their English counterparts. While hospitality businesses in England will receive 40% relief, Scottish businesses…
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18 NovemberPubs and Bars
Licensed premises rise 0.7% in Q3 despite budget pessimism
The number of licensed premises have risen for a second successive quarter by 0.7% between July and September, according to a new Hospitality Market Monitor from CGA by NIQ and AlixPartners. This rise was equivalent to approximately 661 net new openings, or seven per day, and follows a 0.5% rise…
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8 NovemberAnalysis
Will rates relief cuts undermine IfATE’s hospitality skills plan?
The hospitality industry is essential to the UK’s national economy and culture, and as such, apprenticeships have emerged as one of the vital ways to best equip workers with the skills they need in a sector where practical experience and a person’s attitude mean everything. A recent report by the…
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Oct- 2024 -31 OctoberBusiness
Budget reaction: Rising costs ‘latest blow’ to sector’s recovery
The hospitality industry has criticised chancellor, Rachel Reeves’ first budget, with UKHospitality claiming it is the “latest blow” to the sector’s recovery. Yesterday, Reeves announced a series of measures aimed at raising £40bn in taxes, including employers’ national insurance contributions rising to 15%, alongside hikes in both the National Living…
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30 OctoberNews
Budget: Increases to employers’ NI and minimum wage
The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…
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28 OctoberNews-In-Brief
Today’s news in brief – 28/10/24
54% of hospitality businesses would cut jobs when business rates relief ends in April, according to a new joint survey conducted by the BBPA, BII and UKH. The report also highlighted that 76% would experience lower profit and 28% would have to close at least one site. The trade bodies…
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