• Chancellor’s ‘missed’ rates opportunity

The sector attacked Chancellor Philip Hammond for not acting to address the issues caused by the recent revaluation of business rates during the Spring statement.

Hammond instead said that, following a consultation last year, business rates revaluations would be brought forward from 2022 to 2021. UKHospitality CEO Kate Nicholls said: “There are some tentative steps here to support the sector but this is a missed opportunity to provide the decisive and positive action on business rates that hospitality desperately needs, and for which we have been calling.”

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