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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Nov- 2024 -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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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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24 OctoberFood and Drink
Hospitality groups see sales rise 1.7% in September
British hospitality groups recorded a year-on-year sales rise of 1.7% in September, according to CGA RSM’s latest Hospitality Business Tracker. This means that managed venues have achieved like-for-like increases in eight of the nine months to September 2024. Following recent below-inflation growth of 1.5% in July and 1.3% in August,…
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4 OctoberAdvice
What hospitality operators should know about the new tipping act
As of 1 October 2024, the Employment (Allocation of Tips) Act is being enforced, bringing significant changes to the way hospitality businesses must handle tips and service charges. This new legislation mandates that all customer tips be passed directly to staff without deductions. A recent study has revealed that only…
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Sep- 2024 -19 SeptemberPubs and Bars
Pubs outperform licensed sector despite ‘disappointing’ weather
Managed pubs have outperformed the licensed sector as a whole in August, with year-on-year growth of 2.9% despite disappointing weather, according to the latest edition of the CGA RSM Hospitality Business Tracker. Restaurants recorded a 0.8% increase, while the on-the-go segment achieved 5.0% growth. However, bars continued a long run…
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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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