UK pub industry calls for targeted support in letter to Chancellor

The UK pub industry has called on the government to provide targeted financial support to help businesses in the sector survive the ongoing impact of the pandemic.

In a letter to Chancellor of the Exchequer Rishi Sunak, industry group the British Institute of Innkeeping (BII) outlined a series of measures that it believes could help to support pubs and other hospitality businesses.

These measures include targeted grants and tax breaks for businesses in the industry, as well as greater support for apprenticeships and training programs to help businesses attract and retain staff.

The BII also called for an extension to the current VAT reduction for the hospitality sector, which is due to end in September 2023, and for a reduction in the level of beer duty to help reduce costs for pubs.

The letter comes as the UK pub industry continues to face significant challenges due to the ongoing impact of the pandemic, as well as the uncertainty surrounding Brexit.

Many businesses in the sector are struggling to survive, with some estimates suggesting that up to 10,000 pubs could be forced to close in the coming months if the government does not take action to support the industry.

The BII’s call for targeted financial support has been welcomed by industry leaders, who say that it is essential to help businesses weather the current crisis and ensure that the sector can continue to thrive in the future.

In a statement, the BII said: “The pub industry is a vital part of the UK economy, and we are calling on the government to provide the targeted support that businesses in the sector need to survive and thrive. We believe that these measures will help to protect jobs and ensure the long-term sustainability of the industry.

The Pubs Advisory Service works in conjunction with many businesses to increase their profitability and to help them resolve disputes. If you would like help with your pub business, then please contact us by clicking HERE.