Businesses in England impacted by the Omicron variant during what would have been their busiest period of the year are now able to apply for a share of £700m funding.
The Bank of England base rate has risen to 0.25% after being held at a record low since the start of the pandemic. But what does this mean for you and your business?
With a lot of noise in the media about potential supply shortages over Christmas, Armstrong Watson’s Matthew Hutton and industry advisor Martyn Vevers have put together some tips to help hospitality businesses prepare themselves for the festive period and beyond.
The decision by the Bank of England to hold the base rate at the historically low 0.1% will be a relief for individuals and businesses with variable interest rates on their debt finance. However, with inflation expected to reach 5% next year an increase in the base rate seems inevitable at some point in the near future.
As hospitality businesses in England have emerged from months of restrictions and those in Scotland continue to adapt to existing regulations, it might be a good time for businesses to take stock and see if their front of house systems still meet current and future needs.
Accounting software, such as Xero, is at the cutting edge of technological change in the business world. Here are the Top 5 Xero add ons for use in the hospitality sector and the benefits they can bring to your business.
Nando’s running out of chicken and McDonald’s running out of milkshake – just two of the more high-profile hospitality businesses that are feeling the effects of the general supply chain bottlenecks. As the world looks towards the economy bouncing back, the UK’s recovery appears to be stalling as it struggles to find the staff needed to keep the supply chain moving.
During the pandemic the Government has provided support in the form of loan schemes. Although these loans are underwritten by the Government, in the event of a business failure resulting from the demise of a director, the debt will be repaid from business assets, potentially putting the business under financial pressure...