Peter Giacopazzi

Hospitality generates 5% of GDP but pays 15% of all business rates - this needs urgent reform and this years revaluations need pausing and bills frozen for all the sector

“The quickest, easiest and simplest way to get a boost to business would be to cut VAT.” A lower rate of VAT. Proper reform of business rates. Fixing NIC’s - those are the best ways to cut hospitality’s cost burden. @UKHospKate, our Chair, speaks to @BBCNews.

In #PMQs yesterday, @John2Win raised the impact of employer NICs changes on a hotel in his constituency with the Prime Minister. “They employ over 250 people, but their National Insurance bill is going up by £280,000.” Hospitality businesses can no longer absorb additional costs.

We need an emergency 6Month #VatCut to 13% in line with the rest of Europe’s Hospitality - this cut to be targeted at Pubs, Restaurants, Bars, Clubs, Cafes and in house F&B operations within Attractions and Hotels like I’m Ireland. This cut would represent less than 2.5% of our current #Hospitality Tax Bill #NoLabourMPs #TaxedOut

Those of us that work now simply pay for those that don’t. A generation or 2 before would be absolutely mortified at admitting they don’t have a job - now it’s a badge of honour. This is the UK 2025.

@ErlingHaaland now that goal is true football. Old school

Swapping Angela Rayner for David Lammy is like changing your shirt, when you’ve shat your pants. 💩

Sweden to cut Vat rate on food in half in budget measure businesspost.ie/article/sweden…

A reminder that UK hospitality guests are the most highly taxed in Europe - paying the highest prices because our businesses are #TaxedOut

Taking the #TaxedOut campaign to the heart of government with meetings with @allen_m_simpson and @UKHofficial at No 10, Business Department and Parliament

Hospitality is the beating heart of our economy and communities, but we’re being #TaxedOut. We are calling on the Gov't to act in the Budget. ✅Lower business rates ✅Fix NICs ✅Cut VAT We’re making our voice heard & we need yours too. Find out more 👉ukhospitality.org.uk/campaigns/taxe…

This afternoon @PeterABedford led a Westminster Hall debate on the impact of the VAT registration threshold on SMEs. Peter reiterated our call for a cut of VAT to 12.5% for the hospitality sector to keep prices down, support the high street and benefit customers. 🎬👇

@PeterBorgNeal Well said

The Prime Minister has come out in the aftermath of this weeks disaster for his party to say that he is determined to deliver for UK people. The thing is that fiscal policy has to fit the rhetoric. He says economic growth is his priority but the last budget delivered anything but. My industry, hospitality, is being milked dry. It has the highest tax burden ever and that taxation level is higher than in any other European country. People talk fluently about job losses and closures and they are, indeed, continuing to rise. However, the first victim of the budget was investment. Even large Well funded companies who are able to ride out the current crisis have slashed their growth capital budgets. Instead they will focus their funds on buying distressed independent businesses on the cheap. If the budget was meant to stimulate growth, the Chancellor needs a lesson in the ‘law of unintended consequence.

A simple and clear message whatever the economic headwinds between now and Autumn Budget - you cannot tax your way to growth

British Steel, losing £700k a day, employs 2,700 people. Gov jumping in to save the day and land the tax payer with the cost of employing 2,700 people at £700k a day, bailing out the overseas owner. UK hospitality employs over 1m, and Gov is willfully taxing it into extinction.

Every time I hear, and I heard it a few times in @RachelReevesMP speech today “working people “ wtf does she think business owners do Not work ?

"We've got a £3.4 billion tax hit coming into the hospitality sector. That's changed the world out of all complexion for businesses in the sector." @UKHospKate was on @BBCBreakfast ahead of the Spring Statement, where we're calling for a delay to changes to the NICs threshold.

5 years ago we closed our doors under the forceful hand of our government. We were offered furlough and grants to save our industry. In just over a week @RachelReevesMP will destroy as much as covid did with her new hikes in NI and MW. Good luck to everyone!

This is pure EJ and my god isn’t he 100% on the button ❤️ Sleep well my friend xxxx