Budget - Hospitality

Friday five: the week's most-read hospitality stories

08-Mar-2024 By Restaurant

A new location for Sheffield fine dining restaurant Jöro and a damp squib of a budget for the hospitality sector were among the biggest stories of the week.

"An empty budget": hospitality reacts to Hunt's Spring Budget

06-Mar-2024 By Restaurant

The hospitality sector has reacted with criticism to the Spring Budget after Chancellor Jeremy Hunt failed to announce a much-needed reduction to VAT or business rates.

Chancellor extends alcohol duty freeze as he unveils pre-election ‘tax-cutting’ Budget

06-Mar-2024 By Joe Lutrario

Chancellor Jeremy Hunt has frozen alcohol duty until February 2025 in a ‘tax-cutting’ Budget designed to warm up voters ahead of an imminent general election.

Childcare support could help female hospitality workers earn 'up to £3,500' more each year

17-Mar-2023 By Joe Lutrario

The childcare plan announced in the spring Budget earlier this week (15 March) may help to address the current earnings imbalance in the hospitality industry.

Conservative MP calls for VAT on hospitality to be cut to 10%

17-Mar-2023 By James McAllister

A Conservative MP has called on the Treasury to halve the VAT on hospitality to overcome what he described as a 'perfect storm' of cost pressures.

Hospitality reasserts calls for business rates reform in wake of ‘disappointing’ Budget

16-Mar-2023 By James McAllister

Hospitality leaders have reasserted calls for the Government to reform business rates, after the Chancellor ignored industry-wide calls for an overhaul of the current system in his Budget.

Budget ‘falls short’ as Chancellor overlooks calls for further hospitality support

15-Mar-2023 By James McAllister

Hospitality business have been left frustrated after the Chancellor failed to offer the sector any significant concessions in his spring Budget.

Hospitality sector counting on Chancellor for support in Budget

15-Mar-2023 By Georgi Gyton

Support on energy, business rates, VAT and the labour market are among the key areas the hospitality sector is calling for the Government to address in today's Budget (14 March).

Hospitality leaders demand action at spring Budget

09-Mar-2023 By James McAllister

The bosses of 155 hospitality businesses have signed an open letter urging the Chancellor to take immediate action to ‘unshackle’ the sector and ‘unleash its potential’ at the spring Budget.

UKHospitality: 'Stark year ahead without Government intervention'

23-Feb-2023 By James McAllister

UKHospitality has warned that the sector faces a 'stark year ahead' with a third of businesses still 'at risk of failure' unless the Government intervenes to alleviate rising cost pressures.

Hospitality 'left out in the cold' as Chancellor announces sweeping tax cuts

23-Sep-2022 By James McAllister

Industry leaders have warned that today's mini-budget, which promises sweeping tax cuts but fails to offer firms any immediate financial support, will mean 'last orders' for thousands of hospitality businesses.

Hospitality welcomes NI reverse

23-Sep-2022 By James McAllister

Chancellor Kwasi Kwarteng will announce a reverse of April's 1.25% National Insurance (NI) rise as part of his mini-budget this morning (23 September)

Disappointment for hospitality as Sunak fails to offer fresh support for businesses in Spring Statement

23-Mar-2022 By James McAllister

Hospitality businesses have been left disappointed after Chancellor Rishi Sunak failed to offer fresh financial support in his Spring Statement to help firms weather rising cost inflation pressures.

Sunak mulls VAT cut extension as hospitality presses for more support

22-Mar-2022 By James McAllister

Chancellor Rishi Sunak is reportedly considering a freeze in VAT for hospitality businesses at the current reduced rate of 12.5% beyond April in his Spring Statement tomorrow (23 March).

Business rates discount 'a sticking plaster' that 'will not help larger firms'

28-Oct-2021 By James McAllister

The one-year business rates discount for sectors including hospitality and leisure announced in the Chancellor's Budget has been described as 'a sticking plaster' that 'will not help the bigger firms'.

Budget 'will enable hospitality to drive economic recovery', but Chancellor implored to go further

27-Oct-2021 By James McAllister

The hospitality trade has broadly welcomed today's Budget announcement, but expressed disappointment at the Chancellor's decision not to permanently lock in a lower rate of VAT for the sector.

Sunak promises to 'ease the burden' of business rates as he sets out Autumn Budget

27-Oct-2021 By James McAllister

Chancellor Rishi Sunak has set out his plan to 'ease the burden' of business rates in a Budget that promised more frequent revaluations and a one-year discount for the sector.

Autumn Budget: five things to look out for

27-Oct-2021 By James McAllister

Ahead of today’s (27 October) Autumn Budget, here are five things to look out for that will have a significant impact on hospitality as it recovers from the pandemic.

National Living Wage to rise to £9.50 an hour

26-Oct-2021 By James McAllister

Chancellor Rishi Sunak is to announce a 6.6% rise in the National Living Wage to £9.50 per hour in his Budget tomorrow (27 October).

Hospitality leaders make last-ditch call for Chancellor to keep VAT at 12.5%

25-Oct-2021 By James McAllister

More than 200 hospitality leaders have signed a letter to the Chancellor ahead of Wednesday's (27 October) Budget, calling for a permanent reduced rate of VAT for the sector.

Friday Five: the week's top news

05-Mar-2021 By James McAllister

This week's main hospitality news stories include the Chancellor's Budget announcement; Sacha Lord challenging hospitality's delayed reopening date; and Tomahawk refuting claims it bullied staff into lending it money.

UKHospitality: business rates cap 'could threaten the survival of jobs and businesses'

05-Mar-2021 By James McAllister

UKHospitality has warned the £2m cap imposed on business rates relief in Wednesday’s (3 March) Budget 'could threaten the survival of jobs and businesses in the sector'.

Government increases State Aid cap

04-Mar-2021 By James McAllister

The State Aid cap has been increased to more than £10m, giving larger hospitality businesses greater access to Government-backed grant schemes.

Chefs and restaurateurs respond positively to the budget

04-Mar-2021 By Restaurant

Chefs and restaurateurs have reacted positively to the measures for hospitality businesses laid out in the Chancellor’s budget, although many would still like to see more support given to the sector.