SNP finance secretary Kate Forbes outlined the 2021/22 budget in the Scottish parliament yesterday (9 December), with some good news for ailing retailers and hospitality venues.
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UK Hospitality (UKH) has warned that the business rates relief cap will jeopardise the future of thousands of hospitality venues, which will face full rates bills within weeks following the unrestricted opening of the sector planned for June.
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Industry leaders welcome much of the Chancellor’s aid package but are disappointed it falls short in some vital areas, writes Lisa Riley.
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Duty on wines, spirits and beers is to be frozen, Chancellor Rishi Sunak announced in today’s Budget.
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Hospitality leaders are optimistic about the long-term future of the sector and its role in the UK’s economic recovery, with many businesses seeking to grow rather than shrink, the latest CGA Business Leaders' Survey has revealed.
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Will the chancellor address the continuing controversy over punishing duty rates in the wine and spirits sectors in the 3 March Budget? Lisa Riley reports.
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The Covid-19 pandemic has failed to halt the UK’s distillery boom with new figures showing a record number of distilleries were registered in 2020.
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The WSTA has renewed its calls on the Chancellor to cut alcohol duty to allow UK businesses to “thrive and compete on a global stage”.
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Chancellor Rishi Sunak has confirmed the details of the government’s Winter Economy Plan, including a new Job Support Scheme that will replace furlough when it closes on 31 October, and an extension of the VAT break for hospitality until 31 March 2021.
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Duty on wines, spirits and beers is to be frozen, new Chancellor Rishi Sunak announced in today’s budget, allaying trade fears of another rise in line with inflation.
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A group of 14 MPs has made a last call to the government to cut duty ahead of Wednesday’s Budget.
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The Wine and Spirit Trade Association (WSTA) this week reiterated the “bleak picture” a ‘no deal Brexit’, combined with the pending duty rise, would paint for UK wine importers.
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Pub landlords and spirits importers will be breathing a sigh of relief this morning, but not the nation’s wine trade – which is looking at an extra £90 million bill in duty next year.
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Philip Hammond is being urged to abolish ‘debilitating’ business by some of the UK’s leading restaurateurs.
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The Scotch Whisky Association (SWA) has called on the government not to increase excise duty in the Autumn Budget.
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The freeze on alcohol duty at last November’s Budget has given the Treasury a £67 million boost in just four months.
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CAMRA, the body which represents the interests of the UK beer and cider industry, has expressed concerns that artisanal cider producers who producer higher ABV products could be tarred by the same brush which is intended to increase duty on high-alcohol, cheaply made ciders.
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Duty on wines, spirits and beers is to be frozen, Chancellor Philip Hammond announced in today’s budget, allaying trade fears of another rise in line with inflation.
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Philip Hammond is being labelled a “scrooge” after it was revealed he will be one of the worst Chancellors to tax the wine and spirit sector if he pursues the planned increase in the Budget tomorrow (Wednesday, 22 November).
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Budget speak explained by the WSTA
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