Sport, parks and leisure - UK Budget 2021: Business rates cut by half for health clubs, leisure and hospitality...
19 Jan 2022 Sport, parks, & leisure: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

27 Oct 2021

UK Budget 2021: Business rates cut by half for health clubs, leisure and hospitality
BY Tom Walker

Sunak said the move will 'make the business rates system fairer'

Sunak said the move will 'make the business rates system fairer'
photo: Shutterstock/Cubankite

UK Health clubs, gyms, hotels, pubs and other leisure businesses will all receive a 50 per cent cut in business rates over the next year.

The cut was announced in today's Autumn Budget by chancellor Rishi Sunak and is part of the UK government's plans to provide a boost for the economy as it looks to recover from the effects of the pandemic.

Speaking at the House of Commons, Sunak said the move will “make the business rates system fairer and timelier with more frequent revaluations every three years”.

It was one of two significant announcements made regarding the industry, with the other being the confirmation of £850m worth of investment being made available for museums to "redevelop and refurbish their sites".

“The country’s most cherished museums and galleries will benefit from an £850m post-pandemic funding boost to breathe life back into our world-renowned cultural and heritage hotspots," Sunak said.

The funding will also see more than 100 regional museums and libraries being renovated, restored and revived.

Parts of the tourism sector did not fare so well, with UKinbound, the trade association that represents the interests of the UK’s inbound tourism sector, called the Budget a "kick in the teeth".

The trade body is unhappy with a new ultra long haul band in Air Passenger Duty (APD), introduced in the Budget for flights of over 5,500 miles.

It will add an economy rate of £91 to long-haul flights when it comes into force from April 2023.

Lauren Broughton, UKinbound's Head of Public Affairs, said: "Increasing APD on long-haul flights is a kick in the teeth to the UK’s third-largest export industry, which is only just beginning its recovery.

"Inbound tourism brings new money into regional economies, supports over 500,000 jobs across the country and will significantly aid the country’s economic recovery and Global Britain ambitions, but imposing further taxes on an already struggling industry is counterintuitive.”

In addition to the business rates cut, there was also some good news for pubs and restaurants in the form of a new “draught relief” scheme. It will cut the tax by 5 per cent on drinks served from draught containers over 40 litres and bringing the price of a pint down by 3p, encouraging people back to the pubs and restaurants.

To read Sunak's Budget speech in full, click here.



Connect with
Sport Parks Leisure
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
GLL's Mark Sesnan awarded OBE for services to the leisure industry
GLL's Mark Sesnan awarded OBE for services to the leisure industry   12 Jan 2022

Mark Sesnan, co-founder and CEO of GLL, has been awarded an OBE in the New Year Honours List 2022. Sesnan founded the social enterprise in 1993 and .... more>>
4 Global IPO values the business at £24m
4 Global IPO values the business at £24m   11 Jan 2022

4 Global – a partner in the Moving Communities initiative – has completed an initial public offering (IPO) on the London Stock Exchange's Alternative .... more>>
Myzone sets a course for unicorn status as investment from BGF values the brand at US$102m
Myzone sets a course for unicorn status as investment from BGF values the brand at US$102m   10 Jan 2022

Myzone has secured a US$17.2m worth of investment from growth capital investor BGF – a move that values the brand at US$102m. The deal is all .... more>>
Longevity is the next disruptor says Michael Roizen – 90 will be the new 40
Longevity is the next disruptor says Michael Roizen – 90 will be the new 40   10 Jan 2022

The Cleveland Clinic’s chief wellness officer Michael Roizen predicts longevity will become the next major disruptor, according to his recent .... more>>
Aussie boxing franchise UBX targets UK for 250 clubs in £50m deal with Empowered Brands
Aussie boxing franchise UBX targets UK for 250 clubs in £50m deal with Empowered Brands   20 Dec 2021

Boutique boxing brand UBX is coming to the UK and Ireland following the signing of a master franchise deal with Empowered Brands. Franchise .... more>>
Company profile


Hussle

Hussle exists for two reasons: To increase opportunities for people to engage in physical activity and to generate value for the operators we partner within the fitness industry.

View full profile>>

Catalogue gallery


Featured Supplier

Focus on health to attract and retain new members in 2022

Focus on health to attract and retain new members in 2022

The ‘health seeker’ is a term being used a lot within fitness right now, as recent surveys have shown. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



DUTY MANAGER
Salary: c£25,000
Location: Surbiton, UK
Company: Surbiton Racket and Fitness Club
Quality Development Manager
Salary: £28,000 - £30,000pa + excellent benefits
Location: Exeter, UK
Company: Water Babies
Operations Assistant
Salary: Competitive
Location: Westminster, London, UK
Company: Everyone Active
Diary dates
Powered by leisurediary.com

01-03 Feb 2022

Spatex 2022

Coventry Building Society Arena, Coventry, United Kingdom



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Social good: Spice of life
Oomph! founder Ben Allen is bringing variety to residential homes More>>
  Tourism: Right to roam
Sweden is inviting everyone to come and stay – and indulge in a spot of wild camping. Jenny Kaiser from VisitSweden talks about the initiative More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Hospitality: Wasted opportunity
Restaurants take innovative approaches to solve the problem of food surplus More>>
  Regeneration: High ideals
In Utah, a bunch of hip entrepreneurs is creating a crowdfunded ski resort More>>


Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd