Subdued consumer spending and fierce promotional activity have contributed to a “significant increase” in financial distress in the restaurant industry, according to Begbies Traynor’s Red Flag Alert data.
The closure of the iconic Kensington Roof Gardens followed a 47% increase in its rateable value that rendered the business “untenable”, according to global real estate business Colliers International.
During today’s autumn budget announcement, chancellor Philip Hammond revealed changes to business rates however it’s come under fire from industry bodies such as the British Hospitality Association which thinks ... Read more
A review ordered by the Scottish Government into business rates in the country has called for an overhaul but stopped short of recommending a new system, prompting disappointment from hospitality industry bodie ... Read more
Start the working day with
The Caterer’s free breakfast briefing email
Sign up now for:
The latest exclusives from across the industry
Innovations, new openings, business news and practical advice
The latest product innovations and supplier offers