Chancellor urged to take action on UK hospitality industry in upcoming budget
Industry leaders and trade groups in the UK’s hospitality sector are urging the Chancellor to take action in the upcoming budget to support struggling businesses and help them recover from the ongoing impact of the pandemic.
Among the measures being called for are an extension of the furlough scheme, additional financial support for businesses facing ongoing restrictions and reduced capacity, and a reduction in VAT rates for the hospitality industry.
According to industry experts, these measures are necessary to help the sector remain viable in the face of ongoing challenges, including supply chain disruptions, rising costs, and changing consumer preferences.
In a joint letter to the Chancellor, trade groups including UK Hospitality, the British Beer and Pub Association, and the Society of Independent Brewers called for a “bold and ambitious” budget that recognizes the importance of the hospitality sector to the UK economy.
They wrote: “The hospitality industry has been one of the hardest hit by the pandemic, with many businesses struggling to survive in the face of ongoing restrictions and reduced demand. We urgently need the Chancellor to take action in the upcoming budget to support the industry and help it recover from the impacts of the pandemic.”
The Chancellor has indicated that he is aware of the challenges facing the hospitality sector, and has pledged to support businesses as they work to recover and rebuild in the months and years ahead.
However, industry leaders are calling for more specific and targeted measures to be included in the budget to help the sector stay afloat and remain competitive in a rapidly changing market.
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