Inflation Target Being Met Is ‘Strongest Signal Yet’ To Cut Rates
Inflation falling to 2% should give the Bank of England confidence to ease pressure on businesses through a rate cut, UKHospitality says. The Bank of…
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Business
Brits Set To Drink Over 600 Million Pints Throughout Euro 2024 – Almost Double The Consumption For Euro 2020
Brits are expected to sink more than 600 million pints throughout Euro 2024, according to reports. That figure is almost double that of what was…
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Highland Hotel Reaches World ‘Green’ Final
A highland hotel that built a pioneering Energy Centre will take its place amongst global names after being short-listed in the first World Sustainable Travel…
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SNP Manifesto Commits To Lower Rate Of Vat For Hospitality
Leon Thompson, Executive Director of UKHospitality Scotland, said: “Lowering the rate of VAT for hospitality has been a long-standing ask of UKHospitality’s and I’m pleased…
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Hospitality Insolvencies Highlight Crippling Challenges Faced By The Sector
Newly released company insolvency statistics show accommodation and food service insolvencies increased 27% in the year to April 2024 (from 3,004 in the 12 months…
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Increasing Pub Closures Show Impact Of Cost Increases
New analysis shows the number of pubs in England and Wales fell by 239 in the first quarter of 2024 – almost 80 a month….
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Political Parties Have “Not Grasped the Business Rates Issue”
“Looking at the newly launched election manifestos from the three main political parties in this year’s general election, it has become apparent that none of…
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80 Pub Closures Per Month, Research Reveals
New data has revealed that 239 English and Welsh pubs were either demolished or converted for other uses in the first quarter of 2024. It…
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Labour Manifesto Pledge to Reform Business Rates
Labour has promised councils multi-year funding settlements and an end to “wasteful competitive bidding” in its general election manifesto, and also pledges to replace business…
Read more...Fullers Reveal an “Excellent Year of Progress”
Fuller, Smith & Turner has reported an ‘excellent’ year increasing earnings against a backdrop of elevated cost pressures. The pub & hospitality group, which operates…
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Greens Pledge to Cut Hospitality VAT
The Green Party has pledged to reduce the rate of hospitality VAT in its general election manifesto. The proposal is part of the Green Party’s…
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Business Rate Tax Up 49% During Last 14 Years
According to the commercial real estate intelligence firm Altus Group, under 14 years of the Conservative government, revenue from business rates, the controversial devolved property…
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Conservative Manifesto Answers UKhospitality Call To Fix Unfair Business Rates
Kate Nicholls, Chief Executive of UKHospitality, said: “We are delighted to see the Conservative Manifesto commit to delivering UKHospitality’s call to fix the unfair burden…
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Lib Dems Vow To Reform Business Rates
The Liberal Democrats have vowed to replace the business rates system with a “commercial landowner levy” as part of their election manifesto. In the section…
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St Austell Brewery Reports ‘Strong’ Profit Growth And Record Sales
Southwest Brewer and pub company St Austell Brewery has reported ‘strong’ financial growth in the 52-week period to 31st December 2023. Despite challenging trading conditions…
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