Kate Nicholls, chief executive of UKHospitality, said: "These inflation figures confirm that hospitality is set for an eye-watering £914 million tax bill in April, if the Chancellor doesn't act at the Budget. Business rates must be addressed, or venues at the heart of communities will see their rates bills quadruple and find themselves making awful decisions about whether to shorten hours, close more days, lay off staff, or even close their doors for good."
Ion Fletcher, policy director at the British Property Federation, said: "Falling inflation is a good thing. But it still means a tax increase for hard-pressed businesses come next April, thanks to business rates being automatically increased in line with September's figure. It's simply not sustainable for business rates to rise every year regardless of rents and other property costs, or how well a business is doing."
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