Tag Archives: Philip Hammond

Philip Hammond urged to “wake up” and prevent more restaurants from collapsing

One of the UK’s most renowned restaurateurs has urged Chancellor Philip Hammond to “wake up and see how disastrous the situation is” as he launched a petition calling for business rates to be reviewed. David Moore, the owner of Michelin-star restaurant Pied à Terre for 27 years, wants the UK to abolish business rates and

Government turns deaf ear to hospitality industry’s pleas in curt Spring Statement

The industry’s largest hospitality body has accused the government of a “missed opportunity” to deliver meaningful tax reform following the publication of today’s Spring Statement. Restaurant chains had been hoping that Philip Hammond would provide some much-needed relief to the sector in the wake of a volatile start to the year, with some of the

BREAKING NEWS: Restaurant CEOs pen letter to Philip Hammond urging cost cuts to stem closures

Restaurant bosses have written to the Chancellor, Phillip Hammond, ahead of this week’s Spring Statement, calling for a dedicated Minister to represent the industry and to work on a plan for growth.  The letter comes as high-end burger chain Byron, Jamie’s Italian, Strada and Prezzo have all announced store closures in recent weeks with Carluccio’s now calling in accountants to

Pub rates relief ‘dwarfed by increased costs’, rages JDW boss

Last Wednesday’s budget, which granted £1,000 business rates relief to pubs, is “dwarfed by tax and regulatory increases”, according to Tim Martin, Chairman of JD Wetherspoon. Chancellor Philip Hammond announced he would provide pubs with a rateable value of less than £100,000 with £1,000 of business rates relief. But Martin highlighted how this year will

AUTUMN BUDGET: Operators tell Philip Hammond they are braced for margin pressure

Pubs and restaurants have “cautiously welcomed” new business rates relief unveiled in the Autumn Budget today, but warned that wholesale change to the business rate system is still required. The proposed hiking of business rates has arguably been the biggest talking point for foodservice operators over the past few months, with many warning that it

Catering equipment maker referenced in Parliamentary Review

A catering equipment manufacturer is one of 14 UK businesses featured in the new Parliamentary Review, Manufacturing Edition. The review, which opens with a foreword by Chancellor Philip Hammond, offers a review of 2016 and the opportunities that await business and trade in a post-Brexit economy. Banbury-based Stewart Plastics is one of the companies highlighted