Further reading:
- Budget ‘does nothing for independent breweries’ - Plans outlined in the Chancellor’s Spring Budget, such as the VAT cut extension, will lead to further brewery closures according to one trade body.
- Communities can bid for £250k to save local pub - Brits will be able to use a £150m fund to help them take ownership of pubs and other community venues at risk of closure.
- ‘Pragmatic steps’ but far from ‘whatever it takes’ - What impact will Chancellor of the Exchequer Rishi Sunak’s latest Budget have on the pub sector as it navigates the Government’s post-lockdown roadmap?
- Rent debt remains ‘biggest gap’ in hospitality support - Despite broadly welcoming the provisions set out in the Spring Budget, trade body UKHospitality has flagged that a ‘£2bn millstone’ still faces pub, bar and restaurant operators.
- NLW to rise to £8.91 from April - The national living wage (NLW) will be increased by 19p (2.2%) to £8.91 from April, Chancellor of the Exchequer Rishi Sunak has announced.
- Chancellor confirms furlough continuation with employer contributions from July - Chancellor of the Exchequer Rishi Sunak has confirmed the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of September and employers will be asked to partially pay towards hours worked from the summer.
- Chancellor extends beer, cider, wine and spirits duty freeze - Chancellor of the Exchequer Rishi Sunak has announced that planned duty increases on alcoholic drinks have been cancelled.
- Chancellor extends 5% VAT for further six months - Chancellor of the Exchequer Rishi Sunak has announced that the UK will not return to a standard 20% VAT rate until April 2022.
- Business rates holiday will now end in June - Pubs will not have to pay any business rates until June this year – an extension of three months, Chancellor Rishi Sunak has announced in the spring Budget.
- • BUDGET LIVE: Chancellor extends furlough and business rates relief in 'make or break' Budget - The Chancellor set out his Budget plans this afternoon, including his plans to extend furlough and rates relief.
- Self-employed grants extended and available to more businesses - Self-employed licensees will be able to claim further grants and the Self Employed Income Support Scheme will also be opened up to those who were unable to claim the previous rounds of funding.
