‘I have no confidence in Rachel Reeves to turn things around’ November 24, 2025 The chief executive of a luxury hotel group in London has said he has “no confidence” in Chancellor Rachel Reeves ahead of her Budget later this week. Gavin Taylor, who leads Clermont Hotel Group, also branded Reeves as “not particularly business friendly” and that the Chancellor needs to lower the tax burden on companies in [...]
Nando’s makes cheeky profit after losing more than £600m November 24, 2025 Nando’s has warned Rachel Reeves’ tax hikes will eat into its bottom line despite it returning to profit for the first time since 2016. The business has posted a pre-tax profit of £38.2m for the 12 months to 23 February, 2025, new accounts filed with Companies House have revealed. The profit comes after the restaurant [...]
Autumn Budget: BrewDog boss issues £1bn warning to Rachel Reeves November 19, 2025 The hospitality sector needs to sell almost one million extra pints every hour in order to cope with a £1bn cost surge thanks to Chancellor Rachel Reeves’ tax hikes, the chief executive of BrewDog has warned. James Taylor, who took on the job earlier this year, said Reeves needs to take ‘meaningful action’ because of [...]
Hotels and shops to be hit by fresh Reeves tax raid November 17, 2025 Hotels and supermarkets are set to be hit by extra taxes at the upcoming Budget as Chancellor Rachel Reeves hopes to raise more than £20bn in taxes. Reeves is planning to allow mayors to hit holidaymakers with an overnight levy on hotel and rental home stays at the Budget, opening up new cash streams for [...]
Exclusive: The Ned eyes new clubs in Dubai and LA, with new rural ‘estate’ and first European venture to come November 13, 2025 Square Mile institution The Ned is pushing ahead with plans to roll out its brand across the globe, with an outpost in Europe imminent and Dubai and Los Angeles in the firm’s sights. The Soho House spin-off has embarked on an “aggressive” expansion plan, with clubs now open in Doha, New York and Washington DC. [...]
Rachel Reeves mulls second booze tax hike November 12, 2025 Chancellor Rachel Reeves is considering an increase in taxes on alcohol in line with a higher reading of inflation in a repeat of last year’s Budget, according to reports. Reeves could hike duties by the retail prices index (RPI) inflation rate in a bid to raise more cash to fill an estimated £30bn fiscal hole [...]
Fuller’s boss hits out at ‘lack of clear plan’ from Chancellor amid Budget fears November 12, 2025 The boss of one of Britain’s biggest pub chains has taken aim at a “lack of clear plan” from the Chancellor as the hospitality sector braces for another round of tax rises at the forthcoming Budget. Simon Emeny, executive chair of Fuller’s, said the government needed “new ideas, new thinking” if it is to live [...]
JD Wetherspoon ‘more cautious’ on outlook due to Budget uncertainty November 5, 2025 JD Wetherspoon has said it has become “more cautious in its outlook” as Britain’s best-known pub chain braces for the prospect of further tax hikes at the Budget later this month. The firm, which operates around 800 pubs across the UK, reported a 3.7 per cent rise in like-for-like turnover for the 14 weeks to [...]
Labour has ‘unbelievably harsh stance’ on big businesses November 4, 2025 It is “unbelievable” that the Labour government has “taken such a harsh stance” on big businesses, the chief executive of restaurant chain Pizza Express has said. Speaking on an up-coming episode of City AM’s Boardroom Uncovered podcast, Paula MacKenzie said the industry had been “somewhat decimated” by the Covid-19 pandemic and has then been hit [...]
Brits plump for premium hotels as budget stays suffer November 3, 2025 The gap between hotel prices has continued to expand as Brits plump for premium travel over budget options, according to new figures. Average room rates of UK luxury hotels rose from £380.30 to £405.18 in August year on year, and from £136.33 to £141.57 for mid market hotels, data from RSM shows. Room rates in [...]