Hospitality trade bodies have written to the Chancellor warning that, unless a substantial package of support is announced at the Budget, businesses will fail before they're able to reopen.
The Treasury says it has 'no plans' to extend the VAT cut for the hospitality sector, despite the Chancellor warning that the economy will get worse before it gets better.
Chefs and restaurateurs have said the Chancellor’s latest round of financial measures, designed to help support the hospitality sector, will simply not be enough to save businesses.
Chancellor Rishi Sunak has set out a series of financial measures that seeks to help businesses operating under tighter restrictions, including a cash grant scheme targeted at the hospitality sector.
Chancellor Rishi Sunak is expected to announce new financial support for hospitality businesses in areas operating under Tier 2 Coronavirus restrictions, such as London and Birmingham.
Fresh rulings from Whitehall dominated the headlines this week, with the announcement of a 10pm curfew and new rules governing the wearing of face masks in hospitality venues.
Industry voices have reacted optimistically to the Government's stimulus package, but there are warnings more help will be needed to ensure the hospitality sector can recover from the Coronavirus crisis.
Chancellor Rishi Sunak has announced he will cut VAT from 20% to 5% for parts of the hospitality sector and introduce a month-long 'Eat Out to Help Out' discount scheme for diners.
The Autumn Statement has received a lukewarm response from the hospitality industry after the Chancellor offered help for rural businesses, but failed to cut tourism VAT.
Following the delivery of the 2014 Budget by Chancellor George Osborne earlier today, BigHospitality caught up with some of the key organisations representing pubs, hotels and restaurants as well as individual operators for their reaction.
Hospitality trade bodies and those representing tourism and airline firms have slammed the Government for failing to announce policies in this week's Budget which will help attract more tourists to the UK.
Today, once again, the Chancellor will present a Budget which will be closely watched for signs of improvement in the economy or help for businesses, but with rumours swirling about the future of the beer duty escalator, hospitality industry professionals...
The Chancellor George Osborne's decision to refuse to budge on the controversial beer duty escalator in the Budget has been widely criticised by the pub and bar sector as a missed opportunity to reverse a policy that continues to lead to job losses...
The Chancellor confirms that alcohol tax increases will remain in place after announcing in his Pre Budget Report that the VAT rate will return to 17.5 per cent in January
Chancellor Alistair Darling ignores pleas from the pub industry not to increase alcohol duty in this years Budget, but announces measures to help businesses
The British Beer & Pub Association warns that 10 per cent of jobs in the pub sector could be lost in the next five years if the Chancellor continues to move forward with planned beer tax increases
