“Hospitality businesses will be hoping this year brings some respite from the endless price rises that have plagued the sector,” said CEO, Kate Nicholls.
“What’s becoming more apparent is that, despite falling inflation, government action is still needed. “
The trade group has a three-point plan that it says will deliver respite to hospitality businesses.
It encompasses a reform of business rates, creating jobs through Apprenticeship Levy reform and driving growth through a lower rate of VAT.
“With a General Election set to take place in 2024, this clear plan will be our focus with all political parties,” Nicholls said.
“Hospitality is clearly one of the most strategically important sectors in the economy.”
It contributes £93 billion to the economy, employing 3.5 million people.
“With the potential our sector has for growth, it’s essential we receive the support and investment needed.”
Tags: UKHospitality, Hospitality businesses, Kate Nicholls
