Two-thirds of UK hospitality businesses plan to cut jobs and one in seven will close, survey finds
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📌 Key Takeaways
- Two-thirds of UK hospitality businesses plan to cut jobs.
- One in seven UK hospitality businesses plan to close.
- Findings are based on a recent survey.
- The sector faces significant operational challenges.
📖 Full Retelling
<p>Sector cites ‘billions of pounds in additional costs’ from new business rates and increase in minimum wage thresholds</p><p>Two-thirds of hospitality businesses are planning to cut jobs as a result of “suffocating” costs imposed by government, as new business rates and higher wage bills come into force.</p><p>Many pubs, restaurants and hotel companies will see their costs increase significantly from 1 April after Rachel Reeves’s changes to business rates and an i
🏷️ Themes
Hospitality Crisis, Employment
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Original Source
<p>Sector cites ‘billions of pounds in additional costs’ from new business rates and increase in minimum wage thresholds</p><p>Two-thirds of hospitality businesses are planning to cut jobs as a result of “suffocating” costs imposed by government, as new business rates and higher wage bills come into force.</p><p>Many pubs, restaurants and hotel companies will see their costs increase significantly from 1 April after Rachel Reeves’s changes to business rates and an i
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