Rising prices in pubs and restaurants increasing UK inflation
The hospitality sector in the UK is experiencing a surge in prices, which is said to be linked to the country’s increasing inflation rate. Recent data from the Office for National Statistics (ONS) has shown that the Consumer Prices Index (CPI) rose to 2.1% in February 2023, compared to 1.8% in January 2023. The ONS […]
PCA issues new MRO guidance.
The Pubs Code Adjudicator (PCA) has issued new guidance regarding market rent only (MRO) offers for UK pubs. The guidance provides clarity on the MRO process and aims to help tenants and pub-owning businesses understand their rights and obligations. Under the Pubs Code, tenants of tied pubs have the right to request an MRO tenancy, […]
Petition to reduce VAT to 10%
Pub landlords in the UK are calling for a reduction of Value Added Tax (VAT) as a means of aiding the recovery of pubs struggling with the COVID-19 pandemic. An article published on March 17th, 2023, by The Guardian reports that the pub industry is urging the government to lower the tax on beer and […]