- Cross-party MPs are urging Chancellor Rachel Reeves to cut VAT and reform business rates for pubs and restaurants in the upcoming Budget.
- The MPs warn that rising costs and high taxes are harming the hospitality sector and could worsen with the forthcoming Employment Rights Bill.
- The group highlights that hospitality businesses face disproportionately high property taxes and are calling for greater recognition in the UK’s growth and skills agenda.
- The UK hospitality sector employs over 3.5 million people and contributes significantly to the economy, but nearly 5,000 venues closed last year due to financial pressures.
- The government says it is already supporting the sector through measures like lower business rates, licensing cost cuts, and reduced alcohol duty.
Source: politicshome.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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