Spring Statement 2025: Key Changes Relevant to the UK Hospitality Sector
Chancellor Rachel Reeves delivered the Spring Statement on March 26, 2025, outlining measures aimed at stabilising the UK’s public finances amid global economic uncertainties. The statement includes several key points relevant to the hospitality sector: Economic Growth Forecast The Office for Budget Responsibility (OBR) has revised the UK’s economic growth forecast for 2025 down from […]
Streamlining Hospitality for Growth Amid Economic Pressures
The hospitality sector, pivotal to the UK’s economic fabric, faces a £3.4 billion budgetary challenge due to rising payroll costs and business rates. Such financial strains not only jeopardise the industry’s vibrancy but also its capability to invest in future growth, estimated at 6% annually. With nearly two-thirds of the sector’s £5.4 billion growth investment […]
