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      Turtle Bay: Founder criticises ‘unhelpful’ Reeves’ tax raid after huge loss

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Business Rates

  • Calls for hospitality support grow as business rates outcry deepens

    hospitality

    Calls for the government to extend its rumoured support package for pubs to the entire hospitality industry grew on Monday, after a string of data releases laid bare the bleak outlook for UK venues amid fresh polling that reveals enormous public support for the embattled sector. According to the latest City AM/Freshwater Strategy poll, 70 [...]

    London's hospitality sector has been particularly badly affected by changes in last Autumn's Budget
  • Starmer and Reeves ‘credibility shot’ after pubs tax U-turn, says Badenoch

    Politics

    The credibility of Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves has faced a bruising after they were forced to make a dramatic U-turn on their business rates reform for pubs, the leader of the Conservative party has said. Ministers are set to water down the business rates bombshell slapped on pubs following fierce [...]

    Rachel Reeves slapped inheritance tax on family businesses
  • Ministers to offer business rates relief to pubs after backlash

    hospitality

    Panicked ministers are poised to water down the business rates bombshell faced by pubs, after an aggressive backlash from the industry saw over a thousand landlords ban Labour MPs from their premises. The government is expected to announce an overhaul to the way it calculates business rates for pubs within days, which it says will [...]

    Pubs (5)
  • Rates row shows how little Labour understands business

    January 8, 2026

    Whether it’s your after work favourite or your home local – whether you drink or not – everyone has a favourite pub. But the sector is facing a crisis – and we know whose fault it is. We also know the challenges facing British pubs reflect a bigger problem in the relationship between this government [...]

  • Sober January for alcohol stocks as Brits ditch the booze

    January 8, 2026

    After a boozy festive period, it’s time for non-alcoholic stocks to raise a toast, as millions of Brits take on Dry January. Diageo shares have shrunk 0.23 per cent this week to 1,597.8p, while Amsterdam listed Heineken shares fell 1.7 per cent to €68.32 (£59.20). Beyond January, Brits are becoming more sober conscious. Nearly 50 [...]

  • House prices expected to rise in 2026 after December dip

    January 8, 2026

    UK house prices slipped slightly in December, as affordability issues and the fallout from the Autumn Budget dampened buyer appetite, but industry figures expect the market to pick up in 2026. House prices fell 0.6 per cent in the final month of 2025, bringing prices down by a further £1,789, following a 0.1 per cent [...]

  • London Luton Airport says investment at risk due to Labour’s taxes

    January 7, 2026

    A £2.5bn proposal to expand one of London’s top airports is facing fresh challenges amid rising tax burdens, as the aviation sector feels the pain of Rachel Reeves’ business rates raid. The owner of Luton Airport, Labour-run Luton Council, had put together plans to build a new terminal and increase capacity from 18m to 32m [...]

  • ‘A load of rubbish’: Pubs round on Starmer’s licencing offer

    January 7, 2026

    Pub and hospitality bosses have rounded on Keir Starmer’s suggestion that relaxed licencing laws may compensate the industry for business rates bills having risen at the Budget, branding the proposal “a load of rubbish”. The Prime Minister confirmed his government was talking to industry leaders about “what further support” ministers could provide pubs and other [...]

  • Starmer risks killing the great British pub

    January 7, 2026

    Everyone has a favourite pub. It might be one you go back to on holiday or it could be at the end of your road. It could be a stone’s throw from the office (City AM is blessed in this regard) or one that’s still going from your uni years. The City AM Toast Awards [...]

  • Business rates reform must even playing field between high street and online

    January 6, 2026

    Bricks and mortar businesses are being unfairly punished by outdated business rates in need of reform, writes Ros Morgan

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