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2015 Budget - How It's Likely To Impact The Hospitality Industry

2015 Budget - How It's Likely To Impact The Hospitality Industry

11/04/2016 01:17 PM |

This year's budget has brought some interesting moves and we thought we'd focus on the main positives that have been announced.

Winners:

  • Pubs with a reduction in duty on beers (a penny off per pint for the 3rd year in a row), cider and spirits
  • Exporters of Scotch, Whisky and Other Spirits with duty being cut by 2%
  • Workforce with an increase in minimum wage to £6.70 by October 2015 and the abolition of National Insurance for those aged under 21 (with savings being encouraged to be passed back to support Apprentices)
  • Corporation tax is being reduced
  • Small business rate relief and help for the High Street is being extended

Time will tell what impact this makes in the industry...

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