New proposals to introduce a tourist levy in England could deliver a £1.6bn tax hit to consumers while shrinking the wider economy and reducing employment, according to UK Hospitality.
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The hospitality industry has reacted to yesterday’s announcement by the government that pubs and music venues would receive a rates relief package costing £80m next year alone (as Harpers reported).
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Hospitality business confidence has hit a low not seen since October 2022, when inflation peaked at a 40-year high.
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Hospitality leaders have sent an open letter to the Chancellor, imploring Rachel Reeves to “fix business rates and prevent bills quadrupling for high streets across the country”.
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Scotland’s pubs, bars, restaurants and hotels face an unprecedented cocktail of challenges, according to the most recent Scottish Licenced Trade Association (SLTA) survey.
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Over 200 hospitality CEOs have signed a letter urging the Chancellor Rishi Sunak to permanently keep VAT at 12.5%.
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