The government has launched a review into the way business rates for both pubs and hotels are calculated in England and Wales – which could lead to reforms.
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Next up in our annual summer Q&A is Paul Morgan, owner of dynamic Brighton wine hub Fourth and Church. Here he reflects on the year to date for his restaurant-cum-bar-cum-wine shop; his hopes for the future; the challenges of operating an indie business; and what the decision makers in Whitehall could do to ease the burden.
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According to a recently released survey – conducted by UK Hospitality, the British Beer and Pub Association, the British Institute of Innkeeping and Hospitality Ulster – one-in-six hospitality businesses in the UK say that their business is at risk of failure in the next 12 months.
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The most recent company insolvency statistics can reveal that in May month on month hospitality insolvencies were down 9%, following a difficult start to the year for the sector.
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Chef and publican Tom Kerridge is urging the hospitality industry to sign a new petition backing VATsTheProblem – a campaign to cut VAT for the sector to 10%.
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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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Trade body UKHospitality (UKH) has urged the government to take action at the upcoming Budget to protect jobs and restore confidence in the hospitality sector.
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Trade body UKHospitality has called for action ahead of the upcoming Budget in an open letter backed by 345 hospitality businesses.
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Audit, tax and business advisory firm Blick Rothenberg has called on the government to provide financial support to the UK’s hospitality and retail sector to help businesses survive higher running costs.
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Campaign group #Save Britain’s Pubs has launched a petition urging the government to introduce emergency measures to help curb the decline of the nation’s public houses.
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With issues such as cash flow, VAT, businesses rates and staffing all placing continued strain on the UK drinks industry, businesses have just a few days left to decide which parties’ pledges have the best hope of steering the sector towards prosperity.
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Hospitality can deliver for Britain by growing 6% a year and creating 500,000 new jobs with the right investment, according to economic analysis from UKHospitality and Ignite Economics.
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The UK spirits market, to many global producers, is one they want to be part of. It’s not the biggest by any means, nor is it the most fruitful – but there is an air of prestige about it. And yet many independent producers trying to break into the UK market, will struggle or worse, fail miserably. It’s a tough nut to crack but by understanding the nuances of the market, you’ll be better equipped to tackle the challenge – and hopefully reap a bit of great British success.
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As the on-trade is hit by a cost-of-doing-business crisis, many are facing a tough decision unless government intervenes. James Bayley reports.
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There has been resounding support for hospitality business in parliament this week as MPs reported that the sector is “screaming out that VAT is too high”.
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The changes to alcohol duty, due to come into effect tomorrow (1 August), are the biggest the UK has seen in nearly fifty years. As businesses make their final preparations, it seems we could see a raft of new changes entering the drinks landscape – including the need to better communicate the law of increasing returns when it comes to wine and the benefits of trading up.
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Luvians manager Archie McDiarmid fears for the future of the alcohol industry in Scotland if government proposals go ahead
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Britain’s leading managed pub, bar and restaurant groups enjoyed their best December trading in three years, the latest data from CGA has revealed. However, thanks to double digit inflation, sales remain well below pre-Covid levels in real terms, demonstrating the double pronged impact of the cost-of-living crisis and Covid recovery on UK businesses.
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It’s likely that alcohol will play little to no role in the celebrations in the Sunak household this evening, as the UK prepares for a new – and perhaps its first ever teetotal Prime Minster – in Number 10.
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The industry has welcomed the news that government will expand its help for businesses with their energy bills, with subsidies set to cover contracts going back to December 2021.
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