A treasury minister has said there are “no current plans” to further extend the reduction in VAT for hospitality businesses despite estimates that rising rates could directly and permanently impact the sector and lead to the loss of up to 310,000 jobs.
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Many of the UK’s best known wine and spirit SMEs have written a joint letter to Chancellor Rishi Sunak urging him to cut duty while extended the hospitality’s VAT cut to provide further relief for those struggling with the pandemic.
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IWSR Drinks Market Analysis has acquired Wine Intelligence for an undisclosed sum.
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Revenues across the hospitality and foodservice industry have been forecasted to take a £30bn hit this year, with Covid restrictions likely to play out well into 2021.
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The debate on whether to create a minister for hospitality in the UK government showed cross-party support for the struggling sector, with an overwhelmingly positive response from all corners.
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As we come to the end of this extraordinary year and look towards the future, are we filled with feelings of fear or opportunity, or a strange mix of both?
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The UK must adopt a regionally tailored recovery strategy if it is to recover fully from the impact of the global pandemic, which has exacerbated London-centric trends.
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The WSTA is sticking to its ‘hope for the best, prepare for the worst’ approach to Brexit as we hurtle towards the 1 January deadline with no deal in sight. Jo Gilbert speaks to chief executive Miles Beale about what we can expect at the eleventh hour.
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More than 50,000 of England’s licensed premises will be unable to trade under the government’s tough new tiered restrictions coming into place this week, according to research for the latest edition of the Market Recovery Monitor from CGA and AlixPartners.
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Berry Bros. & Rudd (BBR) has posted strong results, showing the family-owned business in growth for FY20 and “solid” half-year results for FY21.
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Liv-ex is predicting that the number of ‘steps’ involved in transferring wine between the UK and the EU will more than double post-January, with associated costs forecasted to rise exponentially.
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The lack of certainty on key budgetary announcements is creating untenable instability for businesses, leading tax and advisory firm Blick Rothenberg has said, adding calls for the government to announce full budgetary plans sooner rather than later.
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Reconfiguring supply chains will be a key objective for businesses as they emerge from the Covid-19 crisis, a new study from the Capgemini Research Institute has revealed.
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Beer importer and distributor James Clay and Sons has has secured its EU supply chain with the acquisition of Rarter Bond Ltd. as part of its “Brexit preparedness” strategy.
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UK Hospitality (UKH) has reiterated the need for additional support for the hospitality industry as ONS stats released today revealed that the UK unemployment rate has reached a four-year high.
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The Brussels-based CEEV (Comité Européen des Entreprises Vins) and Wine Institute of California have renewed calls for a suspension of retaliatory tariffs on wine in response to the trans-Atlantic dispute over Boeing aircraft subsidies.
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Trade bodies have welcomed the extension of the Job Retention (furlough) Scheme (JRS) but warned that this alone is not enough to keep hospitality alive.
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Chancellor Rishi Sunak has announced that the government’s Job Retention Scheme, better known as the furlough scheme, will be extended until the end of March 2021, with government once again paying 80% of wages up to £2,500 to see businesses through a second wave of Covid-19 infections.
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UK Hospitality (UKH) has welcomed the “pragmatic decision” to allow restaurants, bars and pubs to sell pre-ordered takeaway alcohol sales during lockdown 2.0.
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UK Hospitality (UKH) Cymru has warned that further support is needed if the industry to survive the winter.
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