Latest / Hospitality News Briefing
Thursday 29 October: Budget delivers business rates relief for small sites but misses on VAT and wage costs
Chancellor John Healey raises the business rates relief threshold to £18,000 but confirms a roughly 4% minimum wage hike and no reduction in the 20% VAT rate.
Correction: Heineken held or gained share in over two-thirds of markets. Duck & Waffle Edinburgh opened in 2023. The Amber story was The Caterer's. The 320,000 extra jobless is against 2024. Half of retail, hospitality and leisure properties, not hospitality sites, will pay no rates. Rates can still rise 3.5%. The £13.21 rate is for 21 and over. The cost warning was UKHospitality's.
Collated, not reported. Ops Club did not break these…
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