Business Rates Up £5bn Next April
Commenting on today’s many budget and the governments inaction on business rates Robert Hayton, UK President at the real estate adviser Altus Group, said:
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Business
Chancellor Announces Biggest Package of Tax Cuts in Generations
The Chancellor today (Friday 23 September) unveiled his Growth Plan to release the huge potential in the British economy by tackling high energy costs and inflation and delivering higher productivity and wages.
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Hospitality Fuels City Centre Vibrancy, But Cost Pressures Threaten Recovery
Pubs, bars and restaurants continue to drive the post-COVID-19 recovery of Britain’s top cities, research from CGA by NielsenIQ and Wireless Social shows—but with costs
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National Insurance Rise to be Reversed from November, Chancellor Announces
Chancellor Kwasi Kwarteng has announced that April’s National Insurance increase, championed by former Prime Minister Boris Johnson is to be reversed from November.
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UK Interest Rate Increases by 0.5% – A 14-year High
The Bank of England (BoE) raised interest rates by 0.5 per cent in the biggest rise since 2008, as it forecast a 0.1 per cent drop in GDP over the current quarter, signalling that the UK is already in recession.
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Scots Hospitality Businesses Warn Energy Bill Relief Scheme ‘Goes No Way Near Enough’
The SLTA (Scottish Licensed Trade Association), while welcoming this week’s news that wholesale energy prices for businesses are to be capped, has warned that it “goes no way near enough and more needs to be done to help the struggling hospitality sector through the winter months”.
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Business Energy Bills to be Capped for 6 Months and Further Pub Support Pledged
Prime Minister Liz Truss has announced plans to cut the wholesale prices that are incorporated into business energy bills this winter, Bloomberg reported on Tuesday.
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Hike in Energy Costs as Fuller’s Sales Recover from Pandemic
Pub group Fuller Smith & Turner PLC has said it anticipates a significant increase in its gas and electricity bill this year due to the global
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Urgent Clarity Needed on Energy to Save Hospitality Businesses and Jobs this Winter
Leaders of trade bodies representing pubs, brewers, bars, restaurants and hotels have written to the Chancellor ahead of the fiscal statement later this week warning
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Soaring Energy Costs are Hard for Hospitality to ‘Bear’, MP Told
Vale of Glamorgan MP Alun Cairns tried his hand at three hotel jobs during a fact-finding visit to The Bear Hotel, and learned of the
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Hospitality Businesses Need Urgent Help Amid Soaring Energy Costs, Warns SLTA
With rising energy and utilities bills and the cost-of-living crisis pushing businesses to the brink, the SLTA (Scottish Licensed Trade Association) is calling for urgent help from the Government given today’s energy price cap announcement by Ofgem.
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Drinks Sales Cool After Summer Surge
On Premise drinks sales dropped back below pre-COVID-19 levels last week after a short boost from the summer heatwave.
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Brakspear “Bounces Back” as Turnover Increases by 38%
T Davies & Sons the parent company of Henley-based pub operator Brakspear has bounced back positively from a second year of Covid-19 related disruption across their business.
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VAT Energy Cut is Needed Now, Small Businesses Urge
Business organizations have called for the introduction of Covid-style emergency grants and a cut in VAT as part of a package of measures to help firms survive spiralling energy costs.
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The Property Market Within The Hospitality Sector – Do Hotels Profit from Short-Stay Holidays and Is This On the Rise in the UK?
By Korosh Farazad – Entrepreneur, Investor, Author and Speaker – Founder of the Farazad Group (www.koroshfarazad.com) Hotels are doing well in the current hospitality market.
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