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Pub and restaurant groups suffer sales set-backs in September

16 October 2020

Britain’s managed pub, restaurant and bar groups saw sales fall back significantly in September after August’s Eat Out To Help Out campaign boost and the introduction of the 10pm curfew at the end of the month, latest data from the Coffer Peach Business Tracker show.

Food-led pub and restaurant groups get August sales back on track

11 September 2020

Britain’s managed pub, restaurant and bar groups saw collective like-for-like sales bounce back up to 2019 levels in August thanks to the Government’s Eat Out To Help Out campaign, latest figures from the Coffer Peach Business Tracker show.

Pub and restaurant groups see sales halved in first month back

13 August 2020

Britain’s managed pub, restaurant and bar groups saw total July sales down 50.4 per cent on the same month last year as the sector re-emerged after lockdown, latest data from the Coffer Peach Business Tracker show.

RSM calls on Government to extend Corporate Insolvency and Governance Act relief
Paul Newman

23 July 2020

RSM will call on Government today to urgently consider extending the temporary Covid-19 regulatory relief – the Corporate Insolvency and Governance Act – to three months beyond the date on which it is currently set to end.

The temporary reduced rate of VAT for leisure and hospitality may not be as simple as it seems
Audrey Fearing

14 July 2020

The Chancellor’s Summer Economic Statement delivered on 8 July included various measures to support hospitality and leisure businesses during the coronavirus emergency. They included a targeted temporary VAT cut for supplies of hospitality, hotel accommodation and admission to attractions.

Summer Economic Update response: Chancellor's creative measures welcome, but Cash Tax Credits would offer an immediate working capital boost, says RSM
Paul Newman

Whilst RSM welcomes the admirable creativity shown by The Chancellor in supporting the leisure and hospitality sector, alternative and more sustained measures will be required to support businesses beyond the summer.

Open letter to Chancellor urges Government to offer Cash Tax Credits to struggling leisure and hospitality businesses
Paul Newman

02 July 2020

The Treasury should consider Cash Tax Credits to further ease the cash burden on already stretched retail businesses to give them the means of surviving beyond the 4 July reopening date said RSM’s head of Leisure and Hospitality in an open letter to The Chancellor.

Businesses need a further cash boost to help them survive beyond the 4 July reopening date
Paul Newman

24 June 2020

With doors opening on 4 July and the two-metre rule now relaxed, it will be back to business for the leisure and hospitality industry. However, this crisis doesn’t end with the dialling down of coronavirus lockdown and the easing of distancing measures.

Leisure and hospitality

15 June 2020

At RSM, we have a cross-service team of Leisure and Hospitality experts working with operators across the sector. We use our insight and experience to help navigate clients through an ever-evolving landscape, particularly following the Coronavirus pandemic.

Retail sales slide ahead of coronavirus impact but online bucks the trend
Ryan Broomfield

24 April 2020

Responding to the latest retail sales figures for March issued today by the Office of National Statistics, Ryan Broomfield, partner and retail specialist at RSM said:

‘The latest retail sales figures for March reflect the start of a significant downturn in UK consumer spend. The effects of coronavirus and lockdown saw the quantity of sales fall sharply by 5.1 per cent and the value of sales dropped by 5.7 per cent compared to the previous year.

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