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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Sep- 2024 -16 SeptemberNews
Today’s news in brief – 16/09/24
The end of business rates relief could cost the industry £928m in April, UKH has warned. Data from UKH found that A local pub could see an increase of £11k, a town centre restaurant an additional £30k, and a seaside hotel could be left with an increase of £40k. As…
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16 SeptemberBusiness
Business rates relief end could cost hospitality £1bn, says UKH
The end of business rates relief could cost hospitality businesses £928m in April, according to data from UKHospitality. Hospitality and leisure businesses face their bills quadrupling, totalling tens of thousands of pounds per venue, if business rates relief ends as planned on 31 March. Data from UKH found that A…
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11 SeptemberTrade Associations
Hospitality vacancies fall below 100,000 for first time since pandemic
Job vacancies in food service and accommodation have fallen below 100,000 for the first time since the pandemic, falling to 98,000, in what UKH has called a “positive milestone” for the sector. However, vacancies still remain 5,000 higher than pre-pandemic levels of 93,000, the ONS’ labour market overview has revealed. …
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10 SeptemberNews
Today’s news in brief – 10/09/24
UKH has called for a permanent, lower hospitality multiplier to avoid sky-rocketing business rates bills for thousands of businesses in April 2025. The chancellor must act to ensure already cash-strapped hospitality businesses aren’t left facing the prospect of their business rates bills increasing by tens of thousands of pounds, UKH…
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10 SeptemberBusiness
UKHospitality calls for permanent, lower multiplier to avoid high business rates
UKHospitality is calling for a permanent, lower hospitality multiplier to avoid sky-rocketing business rates bills for thousands of hospitality businesses in April 2025. With current business rates relief set to end on 31 March next year, the chancellor must act to ensure already cash-strapped hospitality businesses aren’t left facing the…
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Aug- 2024 -27 AugustBreweries and Distilleries
Brakspear’s FY turnover jumps 9% to £38.6m
JT Davies and Sons Holdings Limited, the parent company of Brakspear, has reported a 9% increase in turnover to £38.6m for the year ending 31 December 2023 against 2022, with an expected reduction in profitability. Underlying EBITDA was reported as £10.9m, slightly lower than the £11.2m reported for 2022 when…
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20 AugustBusiness
Hospitality insolvencies rise 13% in June
The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle with trading costs, according to Buchler Phillips’ Hospitality Index. Overall, the number of hospitality insolvencies rose by 1.41% in the first half of 2024, as some 1,801 accommodation and food…
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14 AugustNews
Today’s news in brief – 14/08/24
Starbucks has appointed Brian Niccol as its new incoming CEO from 9 September this year. It comes as Laxman Narasimhan is stepping down from the role with immediate effect. In the meantime, CFO Rachel Ruggeri will serve in an interim capacity. Niccol currently serves as chairman and CEO of Chipotle…
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14 AugustTrade Associations
Hospitality unites to support business rates reform
A number of hospitality trade organisations have united to call for reform to the business rates model. UKHospitality (UKH), the British Beer and Pub Association (BBPA), British Institute of Innkeeping (BII) and Hospitality Ulster (HU) have produced a survey detailing the biggest issues for the sector. According to the survey,…
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Jul- 2024 -31 JulyTrade Associations
UKH calls new LPC 2025 remit ‘disruptive and unhelpful’
UKHospitality has called changes to the Low Pay Commission’s (LPC) remit for 2025 “disruptive and unhelpful”, claiming that wages rates must strike an “affordable balance to help deliver growth for both businesses and staff”. Business secretary Jonathan Reynolds has ordered the LPC to factor in the future cost of living…
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