UK Budget to raise taxes by £40bn: Hospitality industry reacts
UK: New UK Chancellor Rachel Reeves MP has delivered a Labour Budget for the first time in 14 years as the government warned of “difficult” decisions to “restore economic stability” and plug a £22 billion black hole in public finances.
UK Chancellor extends business rate discounts for hospitality
UK: UK Chancellor Jeremy Hunt has announced that the 75 per cent discount on business rates [up to £110,000] for businesses in the hospitality, leisure and retail sectors has been extended by another 12 months as part of his Autumn Statement.
UK mini-budget: How it will affect hospitality
UK: Chancellor Kwasi Kwarteng has announced a series of tax cuts in a mini-budget aimed to boost economic growth. The raft of measures revealed in today’s mini-budget come at a time when the UK is facing energy bill hikes amid the backdrop of soaring inflation. Some key decisions announced by Kwarteng that affect hospitality include: […]