Skip to content
City AM
Main navigation
Download free app
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • City of London BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Palantir’s NHS platform expands into GP patient data sharing

      Brit are seeking financial support from the ‘Bank of Mum and Dad’ to afford private healthcare.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
      • The Punter
    • From our partners
      • The Morning Briefing: SBS x City AM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Dazn getting ‘IPO ready’, says CEO Segev, after swing into black and key hires

      DAZN branded microphones and cables on a surface with a green field in the background

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • City AM Puzzles
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Scotch Whisky’s slightly sore head

      Close-up of water dripping from the copper cooling ring of a Fettercairn whisky still.

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Pension Report
  • Newsletters
  • Latest Paper

value added tax

  • Wetherspoon boss: ‘Not up to Burnham’ to choose who is on the high street 

    Hospitality

    Britain’s pubs have few more committed defenders than Sir Tim Martin. The Norwich-born businessman founded JD Wetherspoon in 1979 when he bought his first pub in Muswell Hill, initially named Martin’s Free House.  Since rebranding the pub to Wetherspoon – named after a former teacher of Martin’s who could not control his class – it [...]

    Older man with grey hair and blue glasses speaking passionately, mouth open, against a dark background.
  • Tom Kerridge: No good restaurant has ever been run by accountants

    Hospitality

    No good restaurant or pub has ever been run by accountants, celebrity chef Tom Kerridge told City AM as he pushes for a VAT cut for hospitality firms.  The TV personality and restaurateur has spearheaded lobbying efforts for the government to slash VAT for hospitality companies, a move which he says would offer the struggling [...]

    Celebrity chef Tom Kerridge smiling during a cooking demonstration, wearing a chefs uniform in a professional kitchen setting
  • Burnham camp goes quiet on hospitality VAT cut

    Hospitality

    Allies of Prime Minister-to-be Andy Burnham have gone quiet on whether he would slash VAT for hospitality despite previously backing calls to do so and committing to a raft of other measures to support pubs, restaurants and bars. The outgoing Mayor of Greater Manchester had previously said he would back calls to cut value-added tax [...]

    Burnham town center view with bustling street activity, local shops, and pedestrians during a vibrant summer afternoon
  • Franco Manca and Real Greek owner slumps to £14m loss as boss quits

    June 24, 2026

    The owner of Franco Manca and Real Greek slumped to a £14m loss shortly after it its boss quit in the wake of a swathe of restaurant closures. Private equity firm Fulham Shore was hit by a £14.2m loss before tax in the year to March 2025, Companies House filings have revealed, nearly triple its [...]

  • Would a £10bn VAT cut really save hospitality?

    June 20, 2026

    Calls for the government to slash VAT on hospitality firms have been backed by pub and restaurant bosses, and Prime Minister hopeful Andy Burnham. What would this tax break really mean for the economy? The UK’s pubs, hotels and restaurants say they are at breaking point. Higher business rates, hikes to national insurance and minimum [...]

  • Hospitality leaders ramp up pressure on Labour to slash VAT

    June 11, 2026

    Leaders of top hospitality firms have ramped up pressure on Labour to slash VAT, which they warn is leading to hundreds of thousands of job losses. Pub chains JD Wetherspoon, Fuller’s and Greene King, as well as hotel giant Hilton and Mexican restaurant chain Wahaca, have thrown their weight behind a campaign to cut Value [...]

  • Tax judge criticises ‘fabricated AI cases’ cited in appeal against HMRC

    May 18, 2026

    A former West Sussex restaurateur has avoided contempt of court after using AI hallucinations as evidence in his £51,000 tax battle against HMRC. HMRC had sent letters to Omar Rafique, former director of Karma Lounge in Worthing, in 2024 demanding payment of over £51,200 and warning that he could face bankruptcy if the debt was [...]

Trending Articles

  • Former Formula 1 champion loses £1.4m HMRC tax bill appeal

  • Wetherspoon boss: ‘Not up to Burnham’ to choose who is on the high street 

  • Mortgage rates at five-month high ahead of Bank of England decision

  • Revolut facing extortion threat after hackers steal customers’ data

  • Reform hits back at Tory plan to ‘abolish inheritance tax’

Subscribe

Subscribe to the City AM newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • Got a story?
  • About City AM
  • Careers
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance
  • City AM Events
  • City Winners
  • The Punter
  • Casino
  • City AM Puzzles

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
  • Newsletters
  • Advertising
  • About
  • Licensing
Copyright 2026 City AM Limited