49% of British hospitality business leaders, facing labor and food cost challenges, call for government support via rate reforms, VAT reductions, and fair wage increases to boost confidence.
Britain's hospitality sector is facing challenges amid high inflation, particularly in labor and food costs. A recent CGA by NIQ survey shows that 49% of business leaders feel confident about their prospects, a decline from May. While energy and rental costs have eased, concerns about wage and food prices persist. Leaders urge government support through business rate reforms, VAT reductions, and sustainable living wage increases to foster growth and optimism in the industry.
September 03, 2024
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