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Low & no growth in the fast lane to 2026

Published:  16 December, 2022

Low & no drinks are set to accelerate over the coming years, the IWSR has revealed, with analysts predicting that consumption will increase by a third by 2026, exceeding earlier growth rates.

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Demand for super-premium wine and spirits heading for potential slump in US

Published:  19 October, 2022

A new report issued by Rabobank, the multinational banking and financial services company, has examined the potential for a looming US recession to shrink the hitherto booming market for luxury brands.

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Calls for action on business rates as inflation reaches 40-year high

Published:  20 July, 2022

Mounting pressure is being placed on the government to ease the ‘financial fragility’ of the hospitality sector during its upcoming review of business rates, as businesses continue to suffer rising supply chain costs and runaway inflation.

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Jerry Lockspeiser: Does the Bank of England know what it is doing?

Published:  06 July, 2022

Way back when I studied economics at university, I also studied sociology. It struck me then that the way economics is taught is deeply flawed. To call it a science, even a social science, doesn’t make any sense. Unlike scientific study of the cosmos or gravity discovering immutable laws, economics seeks to explain how and why humans do certain things.

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Hospitality cries for help

Published:  07 March, 2022

James Bayley dives into ‘quintuple shock’ looming on the horizon in April, as businesses call for more ongoing support to boost recovery.

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Northern Ireland retailers welcome business rates announcement

Published:  17 February, 2022

Independent retailers in Northern Ireland have cautiously welcomed the announcement that non-domestic rates are to be frozen for the next financial year and that businesses will still receive a three-month rates holiday.

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Tough Christmas prompts new calls for extended relief for hospitality

Published:  04 January, 2022

New figures from UKHospitality show that pubs, bars and restaurants lost £10,335 on average in the week leading up to Christmas, due to fears over the new Covid-19 variant.

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Scotland's winter budget offers relief to struggling businesses

Published:  10 December, 2021

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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Hospitality is in ‘peril’ and ‘fighting’ for survival

Published:  12 November, 2021

The hospitality sector is “an industry in peril” that is fighting for its life, the latest edition of the UKHospitality (UKH) and CGA Quarterly Tracker has said.

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Business rates for hospitality cut by 50% for one year

Published:  27 October, 2021

Today’s Budget announcement included a year-long cut to business rates for the leisure and retail industry, meaning pubs, restaurants and bars will pay 50% less for 12 months.

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Landmark overhaul for alcohol duty is the biggest shakeup in 140 years

Published:  27 October, 2021

Chancellor Rishi Sunak has announced the most radical simplification of alcohol duties for over a century by slashing the number of main duty rates from 15 to six, while also cutting the premium on sparkling wine.

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More uncertainty over re-opening

Published:  08 June, 2021

With the rise of the Indian variant, the promised land of no restrictions is looking unlikely for this month. Lisa Riley reports.

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UKH: ‘Business rates relief cap could strangle sector recovery’

Published:  24 March, 2021

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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UK Hospitality welcomes progress on business rates reform

Published:  22 July, 2020

The government has launched a fundamental review of business rates, beginning with a call for evidence. 

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Budget: Coronavirus relief for SMEs and employees

Published:  11 March, 2020

UK Chancellor Rishi Sunak delivered a bold response to the coronavirus crisis in his 11 March budget, with a raft of measures to support SMEs (small and medium-sized enterprises) and their employees.

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Rocketing rents and rates ‘unmanageable’ for London restaurants

Published:  16 May, 2018

Rent and rate increases in London have left restaurant operators in fear for the future, with 84% saying the charges have become “unmanageable” for their businesses.

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