Philip Hammond
Explore the impact of former Chancellor of the Exchequer, Philip Hammond, on the UK hospitality sector. During his tenure from 2016 to 2019, Hammond’s policies included calls for a review of business rates and discussions on reducing VAT for hospitality businesses. His government’s approach to taxation and business regulation has influenced hotel operations and strategy. Stay informed on how political decisions during his leadership have shaped the landscape for hoteliers, general managers, and hospitality executives.
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Mar- 2023 -28 MarchLatest News
The Dorchester to recreate 1953 coronation decorations for King Charles
The Dorchester hotel has revealed plans to recreate the decorations used for Queen Elizabeth II’s coronation in 1953 for the upcoming coronation of King Charles in May. The original decorations for the 1953 coronation were created by British stage set designer Oliver Messel, who also unveiled a luxury suite at…
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Apr- 2020 -22 AprilBusiness Bites
Will there be coronavirus help for small company directors who are paid by dividend?
The financial plight of limited company directors has been raised by the Tory chairman of the Treasury select committee. Mel Stride, a former Treasury minister, said chancellor Rishi Sunak needs to view company directors as a tranche of people who have ‘slipped through the net’ of all the other largesse…
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Oct- 2018 -29 OctoberCurrent Affairs
Autumn Budget 2018: Business rates cut for SMEs and new digital services tax
Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33% cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue. The reduction in rates will take place over the next two years and is expected to save businesses…
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Aug- 2018 -17 AugustEconomy
Business rates for English hospitality firms could rise to £50m, analysts say
Business rates for English hospitality companies could increase to £51.26m next April if inflation remains unchanged at 2.5%, according to real estate advisor Altus Group. Altus Group said next month could be “pivotal for the hospitality sector” as the upcoming Consumer Prices Index (CPI) measure of inflation determines how business…
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Nov- 2017 -23 NovemberCurrent Affairs
Mixed Budget reaction from hospitality associations
The hospitality industry has reacted with mixed reviews to the Chancellor’s Budget, some describing the plans as ‘disappointing’ and others commending the possible reduction of tourism VAT in Northern Ireland. Louise Goalen, HBAA chair, said the association was “disappointed by the absence of specific measures” with regards to hospitality and…
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Mar- 2017 -8 MarchCurrent Affairs
Budget 2017: Government unveils £300m business rate relief fund
The government has helped soften the blow of April’s business rate revaluation with a £300m relief fund for local councils. The announcement was made by chancellor Philip Hammond at today’s Spring Budget, in which he said business rates raise £25bn each year – all of which, by 2020, will be…
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Feb- 2017 -14 FebruaryTech Talk
New government cyber security centre opens
A new cyber security centre has been officially opened by the Queen today, in a bid to protect companies and the government from cyber attacks. The government’s National Cyber Security Centre (NCSC) will use the new London office as its “operational nerve centre” in a bid to stop the growing threat…
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Nov- 2016 -23 NovemberUncategorized
Autumn Statement is ‘missed opportunity’ for British Tourism
The Chancellor of the Exchequer’s decision not to reduce tourism VAT in his first Autumn Statement is a “missed opportunity”, the Campaign to Cut Tourism VAT has said. In his speech, Philip Hammond announced plans to reduce corporation tax but did not announce plans to cut the domestic tourism VAT…
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21 NovemberEconomy
Autumn Statement ‘must boost’ UK hospitality, recruiter urges
Chancellor Philip Hammond must announce specific measures in the Autumn Statement on 23 November to boost the UK’s hospitality sector, a recruiter has urged. Specialist hospitality recruiter The Change Group said the measures are specifically important for businesses in London and the South East, which are at the front of…
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