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UK Budget Brings Rate Relief but Leaves Hotels Behind
financeBoutique Hotel News··1 min·For: Owner, GM, Revenue

UK Budget Brings Rate Relief but Leaves Hotels Behind

The UK Autumn Budget raised small business rates relief and froze business rates for some venues, but left hotels excluded from key exemptions while hiking minimum wage and alcohol duty. Industry leaders warn of mounting margin pressure, compounded by future powers for local authorities to introduce accommodation levies from 2028.

Key Takeaways

  1. 1Small Business Rate Relief threshold rose to £18,000, but hotels were excluded from the extra 20% relief given to pubs and music venues.
  2. 2National Minimum Wage and standard alcohol duty will both increase by 3.9%, adding to baseline operating expenses.
  3. 3Local mayors will gain statutory powers to introduce percentage-based accommodation levies starting in 2028.

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Source: Boutique Hotel News

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