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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Jan- 2025 -6 JanuaryRestaurants
Tasty agrees to £2.5m settlement with its insurer
Casual dining group Tasty has agreed a full and final settlement with its insurer for the amount of £2.5m relating to a pre-pandemic insurance claim. In a stock exchange announcement, Tasty detailed that it would receive approximately £1.5m, net of creditor costs and legal costs and the settlement sum is…
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2 JanuaryPubs and Bars
More than 34 pubs a month stopped trading in 2024, data finds
The number of pubs that stopped trading permanently across England and Wales rose by 6.7% on 2023 levels, with more than 34 a month calling last orders for the final time in 2024, according to analysis of official government data by Altus Group. The commercial real estate adviser found that…
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2 JanuaryRestaurants
Pizza Hut’s UK operator in ‘advanced talks’ with potential bidders
Pizza Hut’s UK operator is reportedly in “advanced talks” with potential bidders to wrap up a deal to secure its future, Sky News has learnt. According to Sky, Heart With Smart (HWS), Pizza Hut’s biggest UK franchisee which operates roughly 140 Pizza Hut dine-in restaurants, is expecting to select a…
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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-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 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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