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.
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Mar- 2021 -4 MarchPubs and Bars
Revolution predicts ‘rapid rebound’ amid reopening
Revolution Bars Group is predicting a “rapid rebound” in trade and “significant” pent-up demand once the sector reopens, as it welcomes the “clarity” provided by the government’s recent roadmap announcement. The operator of 66 premium bars, trading under the Revolution and Revolucion de Cuba brands, intends to initially open 20…
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Jan- 2021 -20 JanuaryBusiness
M&A in the Food and Beverage sector down to 2009 levels
The UK F&B M&A market showed “encouraging signs of recovery” in the last four months of the year, however deals were still “significantly down” on 2019 levels according to the latest report from Oghma Partners. The report found that total deal volume for the period amounted to 28 transactions which…
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19 JanuaryGovernment
Sunak looks to raise corporation tax in March budget
Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the economic impact of Covid-19. However, it…
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Apr- 2018 -16 AprilBusiness
High street collapse down to higher business rates, says Colliers
Fifteen major retailers or restaurant groups have gone into CVA or administration in the twelve months since the April 2017 Business Rates Revaluation, according to Colliers International, the global commercial real estate agency and consultancy. Ten of those have happened since the beginning of this year – in the last…
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