With a new day and a new government in situ in Westminster, the trade has reiterated the need for support for the UK’s struggling hospitality sector, with reform to business rates and permanently extending the duty easement both top of the agenda.
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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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Industrial action across the rail network from Friday 5 April to Monday 8 April is estimated to cost the hospitality sector £387m, according to UKhospitality.
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Restaurant closures surged to the highest-ever quarterly figure in Q4 2023, according to accountancy firm Price Bailey.
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The Scottish Beer & Pub Association (SBPA) and the Scottish Licensed Trade Association (SLTA) have issued a joint appeal to support their sector after it emerged that English businesses will receive a 75% reduction in rates bills for the financial year 2024-25.
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Britain’s leading hospitality groups saw year-on-year growth slow to 3.2% in October amid widespread poor weather, the new CGA RSM Hospitality Business Tracker reveals.
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The number of licenced premises in Britain has fallen below 100,000, marking a 31% decline in the two decades since 2003.
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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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Mounting pressure is being placed on the government to ease the ‘financial fragility’ of the hospitality sector during its upcoming review of business rates, as businesses continue to suffer rising supply chain costs and runaway inflation.
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As the cost of living crisis and soaring energy bills continue to affect households across the UK, many in the hospitality sector are predicting double-digit price rises, inevitably to be passed on to consumers.
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The hospitality sector is “an industry in peril” that is fighting for its life, the latest edition of the UKHospitality (UKH) and CGA Quarterly Tracker has said.
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Today’s Budget announcement included a year-long cut to business rates for the leisure and retail industry, meaning pubs, restaurants and bars will pay 50% less for 12 months.
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UK Hospitality (UKH) and the British Institute of Innkeeping (BII) have called on government to introduce business rates reform after estimating that the sector overpays by £2.4bn each year.
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With the rise of the Indian variant, the promised land of no restrictions is looking unlikely for this month. Lisa Riley reports.
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UK Hospitality (UKH) has warned that the business rates relief cap will jeopardise the future of thousands of hospitality venues, which will face full rates bills within weeks following the unrestricted opening of the sector planned for June.
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UK Hospitality (UKH) has called on the industry to make its voice heard to secure further VAT cut and business rates holiday.
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The government has launched a fundamental review of business rates, beginning with a call for evidence.
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Companies are calling on the government to reassess its package of relief support which they say doesn't go far enough, fast enough, to help cash-strapped businesses through these turbulent times.
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This was the week that the Coronavirus got real. Ten days ago in the UK Covid-19 was largely the source of ironic fist-bumps and the odd cancelled tasting. Dying and panicking was what other people did. With a complacency that now seems barely credible, the government’s message at the end of February was, broadly, ‘Keep Calm and Carry On’.
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Consumer businesses are overwhelmingly confident that the government will negotiate a good Brexit deal, according to a new survey from financial services consultancy RSM.
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