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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Jul- 2024 -5 JulyGovernment
UKH: ‘Labour needs to deliver on its commitments, and quick’
UKHospitality chief executive Kate Nicholls has said that “we need to see Labour deliver on its commitments, and quick,” after the party secured a landslide victory at the general election. The UKH boss said within the first 100 weeks, the sector needs to see reduced employer National Insurance Contributions to…
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Jun- 2024 -28 JunePubs and Bars
Nightcap to re-register as a private limited company
Bar operator Nightcap has announced the proposed cancellation of admission of its ordinary shares to trading on AIM, a re-registration as a private limited company, and adoption of new articles of association. As a result, directors have undertaken an “extensive” review to evaluate the benefits and drawback to the company…
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17 JuneNews
Today’s news in brief – 17/06/24
The number of pubs closing permanently saw a sharp 56% rise in Q1, according to analysis of official government data by Altus Group. This is a rise from the 51 pubs a month closing during the first quarter of 2023. England’s North West region lost 35 pubs, the most of…
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17 JunePubs and Bars
Pub closures spike 56% in Q1
The number of pubs across England and Wales closing for good saw a sharp 56% increase in the first three months of the year to 80 a month, according to analysis of official government data by Altus Group. This is a rise from the 51 pubs a month closing during…
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13 JuneTrade Associations
‘Back hospitality to serve Britain’, UKH urges
UKHospitality plans to call on all political parties to give their backing to the sector at its annual summer conference, as it maintains that hospitality can grow at a “significantly” faster rate than the wider economy. According to economic analysis from UKH and Ignite Economics, the sector can grow by…
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6 JuneTrade Associations
UKH launches election toolkit for businesses
UKH has announced the launch of its election toolkit for hospitality, which will offer the opportunity for businesses to invite parliamentary candidates in their constituency to their venue to “impress upon them the importance of the sector”. This launch is part of the trade body’s pre-election campaigning, which started at…
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Apr- 2024 -10 AprilNews
Today’s news in brief – 10/04/24
The Portobello Pub Company has acquired Darwin and Wallace for an undisclosed sum. The acquisition will add seven “high-volume” venues in Battersea Power Station, Clapham Old Town, Wimbledon and Richmond. Darwin and Wallace will continue to operate under the same name. Sessions raised £3m from Guinness Ventures to expand its…
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10 AprilTrade Associations
UKH welcomes Labour’s plan to reform business rates
UKHospitality has welcomed the Labour party’s plan for high streets and its intention of fixing the business rates system, as the industry body called the current system “archaic”. News follows the Labour party’s announcement of its plan for high streets, including replacing business rates with a new system of business…
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Mar- 2024 -7 MarchNews
Today’s news in brief – 07/03/24
Young’s Pubs has acquired City Pub Group for £162m. The deal has added 51 wet-led pubs to the group’s managed trading estate, taking its overall estate to 279. Young’s has also expanded into new markets including Norwich and Cambridge thanks to the deal. UKH Scotland urged the Scottish government to…
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7 MarchNews
Gaucho launches VAT-free Friday lunches
Gaucho has decided to launch VAT-free lunches on Fridays during March in all its ten central London locations. The decision follows the decision for the Chancellor not to abandon the ‘tourist tax’ in the Spring Budget as well as the Mayor of London’s campaign to bring back Friday trading in…
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