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flag UK hospitality businesses raise prices, cut jobs due to rising costs, seek tax relief from government.

flag Seventy-nine percent of UK hospitality businesses have raised prices due to budget cost hikes, according to trade bodies. flag Over half have also cut jobs to stabilize finances. flag With 73% of firms having less than six months of cash reserves, industry leaders are calling on the government to ease taxation in the upcoming autumn Budget. flag Increased costs stem from rises in the national minimum wage, national insurance payments, and business rates.

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