Spring Budget

Reporting on government fiscal announcements and economic measures with direct impact on the UK hospitality and F&B sector. This section covers tax policy, business rates, VAT, employment costs, and investment incentives, offering analysis and reaction for operators, finance leads, and hospitality professionals preparing for the financial and operational implications of national budget decisions.

  • Mar- 2024 -
    20 March
    Trade AssociationsNTIA and Institute of Hospitality confirm strategic partnership

    NTIA and Institute of Hospitality confirm strategic partnership

    The Institute of Hospitality has announced its partnership with the Night Time Industries Association (NTIA), with the aim that the collaboration will assist both member organisations in better supporting their members on key industry issues. The organisations said the tie up comes with the hospitality profession “still under economic pressure,…

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  • 19 March
    NewsToday’s news in brief – 19/03/24

    Today’s news in brief – 19/03/24

    Prezzo has reported a return to profitability following a strategic review of the business in April 2023, which saw it close almost a third of its restaurants. In the year ended 1 January 2023, the Italian casual dining group’s revenues also rose to £135m from £95m following an increase in…

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  • 19 March
    EducationPret A Manger

    Government to fully fund small business apprenticeships

    The Government has announced that it is set to fully fund apprenticeships in small businesses from 1 April by paying the full cost of training for anyone up to the age of 21. Furthermore, large employers who pay the apprenticeship levy will now be able to transfer half of their…

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  • 14 March
    Food and DrinkHospitality sales rise ‘modest’ 1.4% in February

    Hospitality sales rise ‘modest’ 1.4% in February

    Top hospitality groups across the country saw modest like-for-like sales growth of 1.4% in February, according to the latest CGA RSM Hospitality Business Tracker. The data has shown a slow start to 2024 within the sector, following marginal growth of 0.1% in January in the wake of strong trading over…

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  • 8 March
    NewsToday’s news in brief – 08/03/24

    Today’s news in brief – 08/03/24

    BM Caterers has won contracts worth more than £10m over the last six months, with clients across the legal, investment, real estate and media sectors. The group’s new clients include global real estate investor, developer and manager Hines, law firm Lewis Silkin, and power tools business STIHL. The NTIA has…

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  • 8 March
    Trade AssociationsSpring Budget tells hospitality ‘you are on your own’, says NTIA

    Spring Budget tells hospitality ‘you are on your own’, says NTIA

    The Night Time Industries Association has voiced profound disappointment over the lack of substantial support for the sector in the Spring Budget, characterising the chancellor’s message as ‘you are on your own’. In the wake of the Spring Budget announcement on 6 March, the NTIA has emphasised the dire economic…

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  • 7 March
    NewsGaucho launches VAT-free Friday lunches

    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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  • 6 March
    NewsChancellor cuts NI by a further 2p as part of Spring Budget

    Chancellor cuts NI by a further 2p as part of Spring Budget

    Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…

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  • Feb- 2024 -
    20 February
    NewsToday’s news in brief – 20/02/24

    Today’s news in brief – 20/02/24

    NTIA and IoH are joining forces on the Leave No One Behind campaign, which is aimed at advocating for the survival and recovery of their collective membership of over 20,000 businesses in the UK. The united campaign comes ahead of the Spring Budget, due to be announced on 6 March…

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  • 20 February
    Trade AssociationsNTIA and IoH join forces on hospitality survival campaign

    NTIA and IoH join forces on hospitality survival campaign

    The Night Time Industries Association (NTIA) and Institute of Hospitality (IoH) have announced they are joining forces on the Leave No One Behind campaign. The campaign is aimed at advocating for the survival and recovery of their collective membership of over 20,000 businesses in the UK. The united campaign comes…

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