Treasury
Reporting covers fiscal policy, taxation, funding schemes, and economic measures introduced or influenced by HM Treasury that directly affect UK hospitality and foodservice businesses. Coverage includes Budget announcements, VAT and duty changes, business rates policy, and support schemes, offering essential context and guidance for operators navigating the financial and regulatory landscape.
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Jan- 2021 -6 JanuaryNews
UKH Cymru calls for Welsh government support
UKHospitality Cymru has called on the Welsh government to use the new treasury support funds of £227m to provide economic backing to the hospitality sector. David Chapman, executive director for UKHospitality Cymru, reiterated that the treasury announcement reflects the “serious position” that businesses are in now that once again they…
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Nov- 2020 -23 NovemberCoronavirus
London restaurants and hotels face £3bn rates bill
“Tens of thousands” of businesses across London, including restaurants, bars and hotels, could face a £3bn return to business rates next April without “discerning targeted support”, property advisor Altus Group has warned. It comes as the Treasury wrote off business rates bills for this current financial year in March, in…
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18 NovemberBusiness
Sacha Lord warns Manchester hospitality could take five years to recover
Greater Manchester’s evening hospitality economy could reportedly take “five years to recover” from Covid-19, according to the area’s night-time economic advisor Sacha Lord. According to the BBC, Lord said One in ten night-time businesses could permanently close in the area, and 80% of restaurants have reportedly planned on making redundancies.…
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Oct- 2020 -7 OctoberTrade Associations
UKHospitality calls on government to end 10pm curfew
UKHospitality has called on the government to ‘‘rethink’’ the 10pm curfew on pubs and restaurants, which was brought into effect in September to curb the growing rate of Covid-19. A vote on the measure, which was expected to take place today (7 October), has been delayed and will possibly happen…
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Sep- 2020 -24 SeptemberCoronavirus
Chancellor set to unveil furlough replacement after Budget cancellation
Chancellor Rishi Sunak has cancelled this year’s Budget but is set to unveil new measures aimed at protecting employment and the UK economy in parliament later today (24 September). It is thought the new measures will replace the current furlough scheme, which is set to expire at the end of…
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5 SeptemberCoronavirus
UK diners eat 100 million meals through EOHO
Over 100 million meals have been claimed for under the government’s Eat Out to Help Out scheme in August, the Treasury has revealed. Chancellor Rishi Sunak said the scheme has helped protect the livelihoods of 1.8 million people working in the hospitality sector, as well as drive the nation’s economic…
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3 SeptemberComment
The value of guest data beyond Eat Out to Help Out
The UK government’s ‘Eat Out to Help Out’ scheme has proved to be a success for the nation’s hospitality sector by encouraging people to return to pubs, cafes, bars and restaurants after COVID-related closures. With figures from the UK treasury showing that over 64 million discounted meals and counting have…
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Aug- 2020 -26 AugustCoronavirus
Over 64 million Eat Out to Help Out meals claimed so far
More than 64 million discounted meals have been enjoyed by diners across the country since the launch of the government’s Eat Out to Help Out discount scheme. The new figures released by the Treasury show that 87,000 claims have been made by restaurants taking part in the scheme. This continues…
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13 AugustBreweries and Distilleries
SIBA backs reverse tax rise petition
A petition launched earlier this week, which calls on the government to reverse the proposed tax rise for small independent breweries, has received over 7,000 signatures in its first 24 hours. The petition was launched by Jack Hobday, one of the founders of Anspach and Hobday Brewery in Bermondsey, which…
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Jun- 2020 -1 JuneCoronavirus
Trade associations welcome evolution of furlough scheme
Hospitality trade associations have welcomed the “pragmatic” evolution of the governments furlough scheme announced by the chancellor. The new updates set out how employers will have to start sharing the cost of the scheme which will see employers pay National Insurance and pension contributions from August, then 10% of pay…
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