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.
Countries issue UK travel warnings as unrest increases
UK: Seven countries have issued warnings over travel to the UK in the wake of ongoing violent anti-immigration protests and riots.
UK Chancellor scraps tax relief for holiday lets in Spring Budget
UK: As expected, UK Chancellor Jeremy Hunt has announced that the government is scrapping tax relief for holiday lets to improve the availability of long-term rentals as part of his Spring Budget 2024.
APPG calls for “national and mandatory” registration scheme
UK: A new report into short-term lets and the visitor economy by the All-Party Parliamentary Group [APPG] for Hospitality and Tourism has called for a “national and mandatory” registration scheme in England.
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.
Khan calls for licensing scheme introduction in London
UK: Sadiq Khan, the current Mayor of London, has added calls for a short-term rental registration scheme in the capital in a bid to alleviate the ongoing housing crisis.
UK PM Sunak pledges commitment to short-term let registration scheme
UK: UK Prime Minister Rishi Sunak has pledged his commitment in Parliament to introducing a short-term let registration scheme in England in the near future.
UK government performs fiscal U-turn
UK: New chancellor Jeremy Hunt has announced that the majority of measures in his predecessor Kwasi Kwarteng’s mini-budget will be scrapped.
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: […]
UK government unveils support package to cut business energy bills
UK: The UK government has unveiled an “unprecedented” support package that will place a cap on wholesale energy bills for businesses from 1 October, initially over a six-month period.