"more challenging"
"neglecting the broader hospitality sector"
"Higher rates and a lack of bespoke support, together with wider regulatory cost increases, sends the message that the Government does not understand the economic value that our sector delivers,"
"We want the best for our high streets. We're delivering substantial help to businesses as part of our work to turn the economy around and deliver the growth this company needs."
Government policies are increasing trading challenges for the hospitality sector due to absence of business rates relief. The Treasury announced tax relief targeted at pubs and bars while excluding broader hospitality support. Higher business rates and a lack of bespoke support, together with rising regulatory costs, signal that the Government undervalues the sector's economic contribution. Travelodge's business rates bill will rise from £38 million over the past 12 months to £50 million a year from April, with further significant increases expected in coming years. No 10 states it wants strong high streets and is delivering business support aimed at economic growth.
Read at London Business News | Londonlovesbusiness.com
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