Card Spending Grew just 4.1% in 2023 with Pubs & Bars Enjoy Strong Sales
Consumer card spending increased just 4.1 per cent year-on-year in 2023 – noticeably lower than the growth seen in 2022 (10.6 per cent) – as…
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Proactive Recruitment Solutions Needed To Address Skills Shortages
With the UK still facing significant skills shortages, particularly in sectors such as hospitality, specialist workforce acquisition and management firm, Comensura, has urged employers across…
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UKHospitality Responds To National Living Wage Increase
The Government has announced that the National Living Wage (NLW) will increase to £11.44 in April next year, rising from its current level of £10.42….
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New Research Highlights the Impact the Cost-of-Living Crisis is Having on Businesses
A new UK report by bakery products manufacturer, Baker & Baker shows the significant impact the cost-of-living crisis is having on businesses such as bakeries,…
Read more...Rates Rise Threatens Future Of Town And City Centres
A coalition of leading hospitality, retail and leisure organisations have written to the Chancellor urging him to freeze the business rates multiplier and extend existing…
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Uptick In Company Insolvencies Driven By Leisure, Hospitality And Retail Sectors, Says RSM UK
Figures from the Insolvency Service show higher insolvencies in the 12 months ending Q3 2023 have been driven by increases in consumer facing industries such…
Read more...New Calls For Chancellor To Freeze Business Rates
Chancellor Jeremy Hunt has once again been urged to freeze business rates again, following warnings that a multi-billion hike in bills could leave many small…
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Quarter Finals’ Retail And Hospitality Spending Set To Reach £145m
1.9m consumers are set to visit hospitality venues, boosting sales by £28.8m Hospitality venues are predicted to make £16.1m from drink sales alone Retail and…
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Ofgem Challenged To Take Action On Hidden Energy Costs
Leading associations from sectors including hospitality, retail and social care have signed an open letter organised by not-for-profit energy consultancy Box Power CIC challenging the…
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Budget 2023 – The Government Still Needs to Fulfil its Manifesto: And Aid the Retail and Hospitality Sectors by Cutting Business Rates and Introducing Fundamental Reform
“The Chancellor must not miss the opportunity in Budget 2023 for fundamental business rates reform” says John Webber Head of Business Rates at Colliers. Whilst…
Read more...Retail and Hospitality Spend Set to Reach £281m During World Cup 2022 Quarter-Final Stage
The 2022 World Cup Quarter-Final stage is predicted to bring in a combined £281 million for retail and hospitality venues across the nation, according to…
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Colliers Business Rates Team Steps Up “Save the High Street” Campaign to Government at Conservative Party Conference
Webber continued, “Time and time again we have seen consultations on the business rates system and time and time again key experts outline the key reforms we need to see. Yet nothing meaningful ever happens.
Read more...Two Months From March Quarter Day Shows Recovery In The Retail And Leisure Sectors
Two months on from March quarter day, total commercial property rent collection has jumped from 57% to 89% notes Colliers.
Both leisure and retail sectors have seen rent payments increase significantly in the two months since March quarter day
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