UKEVENTS welcomes Government response on business events
Reacting to the Government’s response to the Culture, Media and Sport Committee’s report on Business Events, Glenn Bowdin, Chair of UKEVENTS, said that UKEVENTS welcomed “the Government’s recognition of the vital role business events play in driving economic growth, trade, investment and innovation across the UK”. UKEVENTS also acknowledged the industry representatives who contributed to the Committee’s inquiry, including the Events Industry Alliance, The Business of Events and Liverpool Experience Campus.
UKHospitality and BRC say hospitality has the highest tax burden of 11 sectors
Analysis by the British Retail Consortium and Flint Global, published by UKHospitality, found that hospitality paid 82p in tax for every £1 of pre-tax profit in 2025/26, against 72p for retail and an average of 50p across eleven sectors. The two organisations are asking the Chancellor to increase the retail, hospitality and leisure business rates discount and to support the businesses hardest hit by the 2026 revaluation.
IFS on sharing tax revenue with England’s mayors
The Institute for Fiscal Studies published a report today on assigning tax revenue to England’s regional mayors. It says that giving strategic authorities a bigger share of business rates would provide “stronger incentives” for them to develop strategic infrastructure, such as transport projects. It also recommends a formal system of equalisation as revenue varies widely between areas.