New report shows UK has lost ‘billions’ from the hospitality industry

  • 📰 MENnewsdesk
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 69%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Sacha Lord says government has 'failed businesses' as new report shows UK has lost ‘billions’ from the hospitality industry

The UK has lost billions of pounds in income from the pub, restaurant and nightclub industry in the post-pandemic period, according to a new report. The hospitality business contributed nearly £37 billion in gross domestic product to the UK economy in 2019, but this had dropped to £24 billion by 2021.

“The report shows some small signs of recovery, but it is clear that the industry is some way behind the rest of the economy. It is now vitally important that the government take the proactive step to cut VAT in the March budget, for all businesses across the hospitality and night time economy sectors, allowing the sector the financial headroom to recover.”

“The government has been engaging with hospitality, but the voices at the table are the CEOs of the big corporates,” he said. “I know they met with the CEO of Nandos and Burger King. How does that help? Though we see them on every single high street, they actually only make up 20% of the sector. The independents make up 80%.“It just highlights how much we need support. It’s not ‘just a pub’. It’s not ‘just a club’. It’s not ‘just a theatre’.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 23. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

TRNSMT organiser warns ban on booze ads in Scotland would destroy festival industryDF Concerts, organisers of TRNSMT, said T in the Park and outdoor festivals it inspired would not have happened without alcohol advertising amid government plans to 'reduce the appeal' of alcohol to young people.
Herkunft: Glasgow_Live - 🏆 4. / 97 Weiterlesen »

EU energy: strict rules on green hydrogen hurt nascent industry\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t Climate Green Hydrogen will be massively different from Grey hydrogen. Policy makers must understand that green hydrogen needs investment, innovation from developers, financiers, policymakers as industry transitions slowly.Big regulations lead to greenwashing & mischief in standards Green Hydrogen will be massively different from Grey hydrogen. Policy makers must understand that green hydrogen needs investment, innovation from developers, financiers, policymakers as industry transitions slowly. Big regulations lead to greenwashing & mischief in standards
Herkunft: FT - 🏆 113. / 51 Weiterlesen »