Today's spike in inflation is extremely troubling for businesses across the hospitality and night-time economy. Without meaningful action on tax, energy prices, National Insurance, and business rates, many nightlife venues, bars, and late-night operators, already strained by soaring costs, labour shortages, and reduced consumer spending, risk being pushed beyond breaking point.
With its recent survey revealing that 52% of organisations are planning to cut expenses due to rising government costs, this issue will come even more into focus among UK businesses.