JP Morgan to build Canary Wharf’s tallest tower – if there is a tax incentive April 7, 2026 JP Morgan has been given the green light to build Canary Wharf’s largest tower but questions still remain over controversial tax incentives to lure the Wall Street titan in. The US banking behemoth has been in talks with officials from London City Airport regarding height restrictions for the tower. The bank is understood to have [...]
Pubs to open late during World Cup – a life raft for hospitality? February 24, 2026 Though the Labour government and the country’s thousands of pub landlords have very rarely seen eye-to-eye in recent months, the World Cup could bring a summer truce to this fiery dispute. Hospitality trade bodies and one of the country’s biggest pub chains have told City AM they welcome the government’s move to allow pubs to [...]
Admiral pubs boss: business rates will ‘kill off the high street’ February 23, 2026 The boss of a northern-based pubs company has claimed business rates will “kill off” the high street as well as pubs unless the levy is fundamentally reformed. Chris Jowsey, chief executive of Admiral Taverns, told City AM the government must deliver on its pledge to overhaul the business rates system, which he said “penalises bricks [...]
Surinder Arora: Hotels should not be excluded from tax relief February 19, 2026 Hotel tycoon Surinder Arora has said he “fails to see” why the government has offered emergency tax support only to pubs, as hotels battle with “unprecedented” business rate hikes. This comes after Wednesday’s Consumer Prices Index (CPI) figures revealed that hotels and restaurants are facing far quicker price rises than the headline inflation rate. The [...]
Landlords ‘underestimated’ scale of business rates overhaul February 11, 2026 The architect of Labour’s business rates overhaul has blamed the political backlash to the controversial policy on landlords and industry chiefs not fully understanding that a pandemic-related subsidy was coming to an end. Treasury minister Dan Tomlinson told MPs that business owners were taken off-guard by the scale of their tax rise because they weren’t [...]
Heathrow warns on losing European crown without expansion February 11, 2026 Heathrow Airport has kicked off the new year with a shattering of its previous traffic record but has offered a stark warning it could lose its crown without progress on expansion. Some 6.5m passengers travelled through the airport in January, marking a 2.2 per cent increase on last year and making it the busiest January [...]
Private sector bounces back but Reeves leaves hospitality reeling January 23, 2026 The UK’s private sector expanded at the fastest rate in nearly two years in the first month of 2026 but the reeling hospitality sector was still feeling the crunch from Labour policy. The latest Flash Purchasing Managers Index (PMI) from S&P Global showed a major uptick in the all-important services sector, which is often seen [...]
Starmer and Reeves ‘credibility shot’ after pubs tax U-turn, says Badenoch January 11, 2026 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 [...]
Ministers to offer business rates relief to pubs after backlash January 8, 2026 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 [...]
Britain lost one pub a day in 2025 December 31, 2025 One pub a day closed its doors in 2025 as businesses were forced to battle mounting cost pressures and an increasingly heavy tax burden. Fresh analysis from global tax firm Ryan showed 366 pubs were demolished or converted for other uses in the last 12 months. Since 2020, nearly 2,000 pubs have closed for good, [...]