Despite easing inflation, prices are still rising, and consumers bear the scars of a cost-of-living crisis that has eroded disposable income, making dining out unaffordable for many.
Figures from Barclays show that spending on eating out flatlined in October, while spending on digital subscriptions rose by 10%, reflecting changing consumer priorities amidst economic pressures.
Industry leaders warn that increased employers' national insurance contributions and minimum wage rises will force restaurants and pubs into further raising prices, potentially leading to closures and job cuts.
A letter signed by over 200 hospitality bosses urges the government to reconsider policies that will increase operating costs, as they risk unprecedented damage to the sector.
Collection
[
|
...
]