Good day all, Prime Minister Keir Starmer announced his resignation on Monday morning, setting in motion Labour leadership election that will determine the future of hospitality tax policy. Critically for your business, the likely successor, Andy Bur
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Everett King's June Newsletter 2026
IMPORTANT ANNOUNCEMENT to all Everett King Clients:
Good day all.
Prime Minister Keir Starmer announced his resignation on Monday 22nd AM, setting in motion a Labour leadership election that will determine the future of hospitality tax policy. Critically for your business, the likely successor, Andy Burnham, has pledged landmark support for pubs, restaurants, and hospitality venues. But before relief arrives, you face a turbulent summer of uncertainty and delayed decision-making. Here's what you need to know.
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The Summer Freeze: Government Decision-Making Stalls (Jun-Sept)
Starmer's resignation brings an abrupt end to his administration and triggers a Labour leadership election. Nominations open 9 July, close 16 July, with a new leader in place before Parliament returns in September. During this period, expect major policy decisions to freeze. Ministers will be sidelined, and government responsiveness will slow dramatically.
If you're awaiting tax rulings, licensing decisions, government funding applications, regulatory approvals, or VAT determinations from HMRC, expect delays through summer. Don't bank on decisions landing by August. Resolve outstanding compliance matters now while ministers are still available.
Financial Forecasting & Stress Testing: Model Q3 and Q4 under multiple scenarios—status quo, best case (new PM brings clarity), and worst case (extended economic slowdown). Build contingency into your working capital and cash flow planning.
Contact Your Everett King Single Point of Contact for more information alternatively email us at: advice@everettking.co.uk
TAX & FISCAL UNCERTAINTY
Business leaders are warning that the UK needs stability, but fiscal pressures remain high. The CBI has highlighted that "the burden on employers is nearing a tipping point," and a new administration will inherit significant decisions on tax policy, business rates reform, and employment law.
Your Employment Allowance, R&D Relief, Catch-Up Allowance, and other corporate tax reliefs and incentives face potential scrutiny under any new government. Review your tax position now. We can help you identify which reliefs are most critical to your bottom line and plan alternatives if they're altered.
Tax Position Review: Clients whose reliefs, allowances, and tax structures are most exposed to policy change, if you haven't had a spring/summer tax review, now is the time.
Contact Your Everett King Single Point of Contact for more information alternatively our Expert Tax Advisory Team:
Alice; alice.treaner-harvey@everettking.co.uk
David; david.everett@everettking.co.uk
Matthew; matthew.russell@everettking.co.uk
CONSUMER CONFIDENCE & ECONOMIC OUTLOOK
Political turmoil typically suppresses consumer and business confidence. Cautious spending habits are likely to persist or deepen through summer, keeping pressure on discretionary sectors.
Our team are looking to stress-test your forecasts now using conservative assumptions on sales, pricing power, and input costs through Management Accounts. Build working capital reserves and avoid overcommitting to expansion or stock through Q3.
Cash Reserve Building: Build buffer cash through summer to weather any Q4 slowdown and ensure you're not caught short if relief or support doesn't arrive on schedule.
Contact Your Everett King Single Point of Contact for more information alternatively our Advisory & Stock Taking Team:
How Everett King Can Support You
This transition period demands proactive planning. We're actively reviewing our clients' positions to identify risk and opportunity ahead of the leadership handover.
Contact Your Everett King Single Point of Contact This Week to schedule a 20–30 minute business resilience review.
Call us on 0844 745 2077 or email abdi.ibrahim@everettking.co.uk to get on the calendar.
Not Sure Who Your Single Point of Contact Is? Use the same details above to find out who Your Everett King Single Point of Contact is.
In Summary
If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!
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At Everett King, our focus is on supporting you with a comprehensive accountancy service, taking care of everything from tax returns to HMRC compliance, payroll services to bookkeeping, stocktaking and consultancy, with full advice whenever you need it.
