"Three quarters - of the 4,500 pubs bars and restaurants that have closed- say it's energy, the final nail in the coffin for many businesses.
"Nine out of ten of those businesses that have closed are small independent businesses."
@UKHospKate@UKHofficial
"Funds need to be ring-fenced so they are used to promote and support and develop tourism, not just used as a cash cow to get further tax in to support local services."
@UKHospKate on the Tourist Tax
"What I did not see in the red book were any plans to reduce VAT for the hospitality industry from 20% to 10%.. I hope the treasury will do the maths, will lower VAT, and allow hospitality to survive and indeed build and grow."
Tobias Ellwood MP
"The reality for many small businesses particularly in hospitality, is that they're facing real cost pressures now, particularly on energy bills. There is nothing to support businesses through that cliff edge in April when energy support falls away."
@UKHospKate#UKHospitality
Excellent summary by @UKHospKate re. significant area of concern for many independent operators, incl us.
R energy costs will β¬οΈ to Β£6.5k/month in April up from Β£2.5k, just 2 years ago.
Incredibly gauling, esp when you learn of the gigantic profits energy companies are pocketing
Well said @UKHospKate it has basically wiped out our ability 2make a profit & invest,repay extra Covid Debts etc Sadly Govt seems content 2just see our Industry decimated when it should be growth generating & rebuilding Tourism too! Only way 2give us a chance is make VAT10% @GMB
Echo the views / comments of others here.
@UKHospKate as always making very clear, factual points, and delivering them in a manner that is calm and simple to understand.
Imagine having to take over Β£800 just to cover your costs and that includes those very quiet wet Mondays
THAT'S why I have been saying #SaveHospitality
"If I advertise I get 4 or 5 CVs from abroad, mostly from the EU, people who I can't employ. If we could have full employment all of those people would be generating NI, income tax.. Wealth is not being generated as we aren't operating at full capacity."
David Moore, Pied Γ Terre
..We need to look at tax incentives to make the transition to energy efficient technology for kitchen refurb viable
..80% want to be more energy efficient but their working capital is tied up in security deposits
@UKHospKate@UKHofficial
..Energy suppliers treat the hospitality sector as a risk
..We have vulnerable businesses that need support straight away and some of the suppliers are not passing it through
@UKHospKate@UKHofficial
..The average price increase is 85% when we come out of support in April
..We're not seeing the suppliers pass on the drop in energy wholesale prices
..Energy is the game-changer in our sector
@UKHospKate@UKHofficial
..Pre-pandemic energy costs were 4-6% of turnover, they've now become 15-17% of turnover.
..That's why energy is such a big factor in business viability
@UKHospKate@UKHofficial