National Insurance
Coverage includes key policy changes, thresholds, and government announcements affecting payroll costs and contributions for hospitality employers. Reporting focuses on how evolving rates and regulations impact staffing budgets, employer liabilities, and net pay across restaurants, pubs, catering firms, and hospitality businesses, offering clarity and guidance for operators navigating workforce-related financial planning.
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Dec- 2024 -24 DecemberGovernment
UKH calls on gov to rethink approach to NIC changes
UKHospitality has called on the government to “rethink its approach” to upcoming changes to National Insurance contributions, warning that proper consultation and engagement is needed before the changes are implemented next year. It comes as revised figures from the Office for National Statistics yesterday showed that the UK economy had…
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16 DecemberRestaurants
Hospitality inflation falls to 2.2% in October
The hospitality sector saw year-on-year inflation fall to 2.2% in October according to the latest Foodservice Price Index report from Prestige Purchasing and CGA by NIQ. As the 16th consecutive month of inflation decline, the report says it provided further relief for businesses and consumers after years of high inflation. …
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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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4 DecemberTrade Associations
Employment Rights Bill must reflect sector’s position, UKH says
UKH has urged the government to ensure the “unique” circumstances of the industry are reflected in any changes made to the Employment Rights Bill. It comes as the Bill’s four technical consultations officially closed this week (Tuesday 2 December). The trade body has submitted responses to each consultation, building on…
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Nov- 2024 -22 NovemberNews
Pubs could be forced to push up prices, BBPA warns
Pubs may have to make difficult decisions to save jobs including push up prices following the Budget announcement, the British Beer and Pub Association (BBPA) has warned. The British Beer and Pub Association’s figures show that the Budget’s rise in National Insurance Contributions means, at a conservative estimate, a £500m…
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20 NovemberBusiness
Hospitality sales slow in October as cost pressures mount
Hospitality groups achieved year-on-year sales growth of just 0.6% in October, which marks the fourth month of below-inflation growth in a row – meaning that data is currently at its lowest point since April, according to the CGA RSM Hospitality Business Tracker. The flattening of sales reflects fragile consumer confidence…
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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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14 NovemberBusiness
Business leaders’ confidence drops as costs rise
Optimism among Britain’s hospitality leaders has taken a sharp downward turn with only 41% of leaders feeling confident about prospects for their business over the next 12 months, according to data from CGA. This is a dip of 8 percentage points from August’s figure of 49%, a fourth quarter-on-quarter decline…
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11 NovemberNews
UKH warns budget will cause job losses, closures and reduced investment
UKHospitality alongside notable hospitality bosses have warned the chancellor that plans outlined in the autumn budget will cause small business closures, job losses and reduced investment in the sector. Kate Nicholls, chief executive of UKHospitality, and UKHospitality board members, which includes the bosses of Fuller’s, Stonegate Group and Whitbread, have…
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1 NovemberNews
Budget to increase full-time cost of employment by £2,500, UKH reveals
The employment tax measures announced in the Autumn Budget will increase the cost of employing a full-time staff member by at least £2,500, UKHospitality has said. New analysis from the hospitality association has revealed that increases to employer NICs and wages will hit the hospitality industry “hardest”, with a 10%…
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