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 Government launches official short-term rental market review
UK: The UK Government has announced the launch of a review into the impact of short-term holiday lets on popular tourism destinations in England.
£700m cash grants for UK hospitality businesses
UK: Hospitality businesses in England most impacted by Covid-19 and the Omicron variant will benefit from £700 million in government grants, delivered to councils across the country today. Businesses in the hospitality, leisure and accommodation sectors can apply for one-off grants (maximum £6,000) depending on the premise’s rateable value: • £51,000 and above rateable value: […]
STAA launches new Trusted Stays scheme for UK key workers
UK: The UK Short Term Accommodation Association [STAA] has followed up its successful nationwide “NHS Homes” initiative with the launch of a new scheme, “Trusted Stays”, to offer NHS staff and key government workers discounted safe and clean accommodation near their places of work, to help protect them and their families as the UK’s Covid-19 […]
UK government re-imposes quarantine order for returnees from Spain
UK / Spain: The UK Department for Transport [DfT] announced on Saturday that all travellers returning from Spain to the UK would be required to self-isolate in quarantine at home for the following two weeks, a notion which took immediate effect as of midnight on Sunday morning. Likewise, the Foreign Office is advising all Brits […]
Sunak announces VAT cut for hospitality industry
UK: Chancellor Rishi Sunak has revealed a six-month cut in VAT for the hospitality and tourism sectors, which equates to a $4 billion boost for the industry. Announced in the Chancellor’s mini-Budget speech, Sunak has pledged to get pubs and restaurants “bustling again” as he unveiled measures to kickstart the economy. A cut VAT on […]
UK government called on to incentivise private investors
UK: British businesses have called on the Treasury to incentivise private investors to invest in small and medium-sized enterprise [SMEs] by introducing a temporary tax relief scheme. Bucksworth, a law firm working with startups and high growth organisations, has sent a letter signed by 87 UK businesses to the government calling for amendment to the […]
UK government publishes closure guidance for short let operators
UK: The UK government has published the following steps and guidance for businesses providing holiday accommodation [including hotels, hostels, B&Bs, campsites, caravan parks, boarding houses and short term lets] to take in terms of closing for commercial use as quickly as is safely possible. According to Gov.uk, full consideration should be given to the possible […]
Merilee Karr: How to safeguard the future of the short-term rental economy
UK: Merilee Karr, chair of the UK Short-Term Accommodation Association [UK STAA] and CEO of UnderTheDoormat, pens an open letter to the UK Government on how it should safeguard the future of the short-term rental economy. Three things the government should focus on: Measures that will safeguard jobs and enable faster growth ‘bounce back’ Maintaining […]