Rishi Sunak
Coverage focuses on government policy, fiscal decisions, and public statements affecting the UK hospitality and foodservice sector, as shaped by the former Chancellor and Prime Minister. From Budget announcements and VAT policy to business rates, inflation, staffing, and energy support, reporting examines how leadership decisions impact restaurant groups, pub operators, caterers, and hospitality businesses across the country.
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Sep- 2022 -8 SeptemberNews
Energy bills to be capped at £2,500 a year from October
Prime minister Liz Truss has announced today that energy bills for typical households will be capped at £2,500 annually for their gas and electricity bills from the start of this coming October. The news comes as her first major policy announcement, and according to Sky News, the new price guarantee…
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5 SeptemberTrade Associations
UKH urges new PM to ‘act quickly and decisively’ to save sector
UKHospitality has urged the new prime minister to act “quickly and decisively” in order to save the sector in the face of increasing costs due to the energy crisis. The news comes as Liz Truss was confirmed as the new prime minister after beating former chancellor Rishi Sunak in the…
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Mar- 2022 -24 MarchGovernment
Return to 20% VAT a ‘massive missed opportunity’, UKH says
A return to 20% VAT for the hospitality and tourism industry will be met with disappointment by thousands of hospitality businesses, UKHospitality has said. In addition, UKH has said that ending the 12.5% rate for hospitality would “jeopardise jobs and restrict the sector’s efforts to stifle price rises for consumers,…
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23 MarchGovernment
Spring Statement: Chancellor raises NI threshold to £12,570
The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring statement, including increasing the national insurance threshold by £3,000. Speaking in parliament today (23 March), Rishi Sunak began his speech by warning it is yet unclear what the impact of…
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18 MarchAnalysis
13 Spring Statement predictions
With both the global and UK economies coming under pressure from the rising cost of living crisis, which has only been exacerbated by Russia’s invasion of Ukraine, all eyes will be on the chancellor when he makes his Spring Statement speech on 23 March 2022. Here, Christy Wilson, tax associate…
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Feb- 2022 -8 FebruaryGovernment
Over 250 hospitality leaders call for VAT to be held at 12.5%
More than 250 business leaders from hospitality and leisure have written to the chancellor, Rishi Sunak, urging the Government to keep VAT at 12.5% beyond March 2022, according to UKHospitality. It revealed the letter calls on the Treasury to maintain the current level to enable many “fragile” businesses to continue…
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3 FebruaryBusiness
Energy price cap to rise 54% from April
Hospitality bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase by 54% from 1 April amid a “record” increase in global gas prices, in a move that is set to affect approximately 22 million customers. Energy regulator Ofgem announced that…
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Dec- 2021 -21 DecemberCoronavirus
Sunak unveils £1bn support package for Omicron-hit businesses
Chancellor Rishi Sunak has announced a further £1bn support package for businesses impacted by the new Omicron variant. As part of the support, businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises. There will also be more than…
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Oct- 2021 -28 OctoberGovernment
UKH welcomes ‘positive’ Budget speech but urges Gov to ‘go further’
UK Hospitality has said yesterday’s (27 October) announcements by the chancellor in his Budget speech are a positive step but also urged the government to “go further” to support the “fragile” industry. It comes after Rishi Sunak unveiled a 50% discount on business rates for the hospitality, retail and leisure…
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27 OctoberNews
Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure
Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to £110,000), equating to a business tax cut worth £1.7bn, the biggest single-year rates cut for firms in over 30 years. Unveiling his latest Budget in the Commons today (27 October),…
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