Hospitality businesses face a near £1bn hike in rates bills next year due to inflation uplift & endnof reliefs - this will have a significant impact on biz viability, jobs & investment. That's why we are calling for no indexation & extended relief https://t.co/J94neLxwDA
"These figures clearly demonstrate the challenges faced by hospitality businesses big and small, all across the UK."
@UKHospKate reiterates in the @DailyMailUK the need to tackle the cost of doing business, to enable hospitality to reach its potential.
https://t.co/iD8lqKS1ha
@DunelmUK Ok they said they could not do it that day as the computer was broken..please ensure all is now well in that branch before I make the journey again
A third of hospitality firms at risk of failure as inflation hits - energy costs, food and labour shortages/wage rates spiral. Urgently needs govt action otherwise 3 of PMs 5 economic priorities won’t be met
"They've got no headroom to manage the difficult cost challenges coming through in energy and food."
Our CEO @UKHospKate was on @BBCNewsnight discussing the cost pressures facing hospitality.
Watch her full interview with @BenChu_ 👇
"Put simply, this data is extremely worrying for thousands of otherwise viable hospitality businesses."
Our latest member survey shows that energy bills have gone up 81% in the last year, and are three times higher than 2021.
@SkyNews@UKHospKate
https://t.co/CM554vghMT
The impact of interest rate rises on hospitality businesses with COVID loans now having to prioritise repayments over investment or keeping head above water - one small step the govt could take would be to grant repayment holidays or automatic extensions
https://t.co/7KEXHnwhQ2