Saturday, June 25, 2022

Tag: Autumn Statement

Pub sector gives Hammond a frosty reception

Coinslot Pub sector
Although it did receive a little attention in the Chancellor’s Autumn Statement, the pub industry appeared roundly unimpressed with the overall package. The pub industry has expressed its discontent with Chancellor Philip Hammond’s debut budget, despite the inclusion of a freeze on beer duty and 100 percent rates relief for rural pubs. In particular, pubs were concerned about an issue also...

BHA upset by tourism VAT cut snub in Autumn Statement

Coinslot BHA Tourism
The British Hospitality Association has described last week’s Autumn Statement as a “missed opportunity” for British tourism. It was upset that chancellor Philip Hammond made no move to reduce VAT on attractions, accommodation and restaurants in his first fiscal announcement since the UK’s referendum on EU membership. Along with BALPPA, Bourne Leisure and Merlin Entertainments, the association has lobbied hard for...

Autumn Statement: Mixed, modest and for the medium term

Coinslot chancellor Autumn Statement Philip Hammond REVIEW
As the new chancellor of the exchequer announces modest changes to wages, business rates and corporation tax, industry assesses the implications of the first fiscal package since Brexit.   The new chancellor Philip Hammond’s first (and apparently last) Autumn Statement was littered with tidbits for Britain’s shopkeepers, with net reactions ranging between strong, safe, and slightly disappointing. Among the headline announcements for...