The latest rise in outlets indicates a recovering hospitality sector, yet the Autumn Budget's increased costs and reduced business relief raise concerns about stalling growth.
Despite a 0.7% increase in licensed premises in Q3 2024, the rising pressure from the government's fiscal measures has left industry leaders anxious about sustainability.
Independent hospitality businesses face serious uncertainty due to the pressure of new costs following the Autumn Budget, which may hinder their growth and investment plans.
While there's a small uptick in community pubs following COVID, overall, confidence and profitability in the hospitality sector remain severely impacted by governmental policy changes.
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