06/09/2022
Nadhim Zahawi has drawn up plans for a multibillion-pound package of tax cuts to help businesses facing bankruptcy because of rising energy costs. The chancellor, who is working on an emergency energy strategy for the new prime minister, said the government could learn the "lesson from Covid" and introduce targeted reductions in VAT and business rates to help the retail and hospitality sectors, advises The Times.
An immersive, adult-only competitive socialising concept inspired by classic fairground games and featuring street food kiosks and three bar areas is to launch in London's Canary Wharf next month. Set to open its doors on 4th October, Fairgame's launch follows four years of development and will feature redesigned version of games including whac-a-mole; roll-a-ball derby; duck shoot; and water gun down, reports Big Hospitality.
PPHE Hotel Group - which develops, owns and operates hotels and resorts - has said its UK business is leading the way in recovery, particularly in London, where meetings and events enquiries are "ramping up". The Caterer reports that PPHE said that all its key markets delivered strong growth, with the UK leading the way due to the earlier lifting of pandemic restrictions. As well as a "significant rebound" in leisure travel demand, corporate demand activity was also increasing, and the group said it was experiencing steadily increasing demand for meetings and events spaces.
The chief executive of the Campaign for Real Ale (CAMRA) has said that the price of a pint would need to increase to around £15-£20 to support pubs to cover soaring costs. He called for the government to step in on energy costs, as well as business rates and beer tax, reports The Caterer.
More UK consumers are likely to book staycations to avoid continuing disruptions at airports and other travel difficulties, it has been predicted, offering pubs and bars the chance capitalise on the latest leisure patterns. Pub & Bar reports that delegates at a recent Star Pubs & Bars 'Stars of the Future' masterclass heard that pubs are set to benefit from several opportunities this upcoming year, including the World Cup, other sporting events and more people holidaying in the UK this Halloween and Christmas.
James Watt, co-founder and CEO of BrewDog, has revealed the company closed six of its bars due to rocketing energy costs and has blasted the Government as "clueless". He urged the Government to "get a grip now" of the crisis, warning there could be "more business casualties than the pandemic" if support is not forthcoming, reports Morning Advertiser.
Pub & Bar reports that a former National Pub & Bar Awards winner is aiming to break its own world record for the largest gathering of individuals called Nigel.