The Chancellor Rishi Sunak announced his annual Budget on Wednesday. Mostly, it has been well received by the hospitality industry, but there are some quite major holes, and reasonable concerns. But if you would rather skip all the analysis and make up your own mind on the Chancellor’s policies, here is the information provided by […]
If you want a second opinion, here is UKHospitality’s stance on the Budget. UKHospitality chief executive Kate Nicholls said: “The Chancellor has listened to the concerns of the hospitality sector. Details are yet to be pored over but it looks like crucial support will help businesses at a critical time. “The Chancellor has announced support to help our […]
The Chancellor Rishi Sunak went some way to supporting the hospitality industry in his Budget. It was mostly as was expected, with an extension to the VAT cut, the business rates holiday, and the furlough scheme. He froze alcohol duty for a second year, and avoided a controversial second Eat Out to Help Out scheme. […]
“The 2021 Spring Budget, due to be announced on March 3, will be the most important and impactful in the UK’s modern history.” These are the words of UKHospitality. How could one disagree? We will all be bracing ourselves and hoping for positivity. What’s crucial is the Government committing to support businesses further. After all, […]
A Treasury minister has suggested further business rates support might be offered to hospitality businesses. We don’t know for sure, but it would be a huge boost for pubs and restaurants. For now, we can only hope the Chancellor Rishi Sunak comes good in his Budget next month. If what the financial secretary to the […]
UKHospitality has written to the Chancellor Rishi Sunak ahead of his March Budget statement outlining the additional action needed to revive the industry. The trade body has said the Government must extend the VAT cut – from 20 to 5 per cent – for a further 12 months and to also continue the business rates […]