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UK Budget 2021: Business rates cut by half for England's personal care sector
By Megan Whitby 27 Oct 2021
The cut was announced in today's Autumn Budget by chancellor Rishi Sunak (pictured) Credit: Shutterstock/Cubankite
Spa, beauty and salon businesses in the personal care sector in England will all receive a 50 per cent cut in business rates over the next year.

The cut was announced in today's (27 October) Autumn Budget by chancellor Rishi Sunak and is part of the UK government's plans to provide a boost for the economy as it looks to recover from the effects of the pandemic.

Speaking at the House of Commons, Sunak said the move will “make the business rates system fairer and timelier with more frequent revaluations every three years”.

Victoria Brownlie, chief policy officer of non-profit British beauty industry representative body The British Beauty Council (BBC), commented on the announcement.

“The BBC has been strongly committed to lobbying for changes to business rates and so we’re delighted that the personal care sector will enjoy a 50 per cent business rates discount next year.

“It’s welcoming to hear that from 2023, every single business will be able to make improvements to their premises without facing higher business rates bills for 12 months after they’re made.

“Industry data indicates that higher business rates deter around half of beauty business owners from improving their properties. This delay will allow them to recoup the investment in improvements before seeing any increase in their business rates.

"It’s been a challenging time for the personal care sector – with more than 7,000 businesses closing since the pandemic started – but these measures announced by the Chancellor today will help our businesses recover and think towards the future."

To read Sunak's Budget speech in full, click here.


News
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06 Dec 2021
Industry figure Susan Friedland has been celebrated with the Global Wellness Summit’s (GWS) annual Leading Woman in Wellness Award. During a poignant ceremony, Mrs Friedland was recognised with the award for her support and dedication ... More
06 Dec 2021
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The Global Wellness Institute (GWI) and BBC Storyworks have struck up a partnership to create a digital film series exploring the true meaning of wellness. BBC Storyworks is the commercial creative arm of BBC Global ... More
01 Dec 2021
The global wellness economy will grow by 9.9 per cent annually and reach US$7trn by 2025, according to new research by the Global Wellness Institute (GWI). Named The Global Wellness Economy: Looking Beyond Covid, the ... More
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The recently-transformed Bamford Wellness Spa in Gloucestershire has been recognised as the UK’s Best New Spa at the sixth annual Good Spa Guide Awards ceremony. Decided by internal judging by The Good Spa Guide’s Spa ... More
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Gharieni GmbH
Gharieni GmbH
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Jobs    News   Products   Magazine
NEWS
UK Budget 2021: Business rates cut by half for England's personal care sector
POSTED 27 Oct 2021 . BY Megan Whitby
The cut was announced in today's Autumn Budget by chancellor Rishi Sunak (pictured) Credit: Shutterstock/Cubankite
It’s been a challenging time for the personal care sector but these measures announced by the Chancellor will help our businesses recover and think towards the future
– Victoria Brownlie
Spa, beauty and salon businesses in the personal care sector in England will all receive a 50 per cent cut in business rates over the next year.

The cut was announced in today's (27 October) Autumn Budget by chancellor Rishi Sunak and is part of the UK government's plans to provide a boost for the economy as it looks to recover from the effects of the pandemic.

Speaking at the House of Commons, Sunak said the move will “make the business rates system fairer and timelier with more frequent revaluations every three years”.

Victoria Brownlie, chief policy officer of non-profit British beauty industry representative body The British Beauty Council (BBC), commented on the announcement.

“The BBC has been strongly committed to lobbying for changes to business rates and so we’re delighted that the personal care sector will enjoy a 50 per cent business rates discount next year.

“It’s welcoming to hear that from 2023, every single business will be able to make improvements to their premises without facing higher business rates bills for 12 months after they’re made.

“Industry data indicates that higher business rates deter around half of beauty business owners from improving their properties. This delay will allow them to recoup the investment in improvements before seeing any increase in their business rates.

"It’s been a challenging time for the personal care sector – with more than 7,000 businesses closing since the pandemic started – but these measures announced by the Chancellor today will help our businesses recover and think towards the future."

To read Sunak's Budget speech in full, click here.
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Global hotel and spa operator Six Senses will open its first Japanese property in Kyoto in 2024.
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Raffles Hotels and Resorts has opened a new resort in Dubai with a comprehensive 23- treatment-room spa to reflect the city’s lavish character.
GWI partners with BBC for its new film series demystifying wellness
The Global Wellness Institute (GWI) and BBC Storyworks have struck up a partnership to create a digital film series exploring the true meaning of wellness.
Global wellness economy will be worth US$7trn by 2025
The global wellness economy will grow by 9.9 per cent annually and reach nearly US$7trn by 2025, according to new research by the Global Wellness Institute (GWI).
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07 Dec 2021

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Spatex 2022

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