UKHospitality urges new PM to ‘act quickly’ to support the sector
UKHospitality CEO Kate Nicholls urged new Prime Minister Liz Truss to quickly act to save the hospitality sector amid ‘crushing’ energy costs.
“Congratulations to Liz Truss on her election as our Prime Minister,” Nicholls said.
“We very much look forward to working closely with Liz Truss and the new Cabinet in the coming weeks, as we strive to save the hospitality industry, which is experiencing crushing cost rises.”
“The new Government must act quickly and decisively to address the soaring energy bills that are facing consumers and businesses.”
Nicholls called for a reduction in the headline rate of VAT for the sector to 12.5%, a business rates holiday, and the deferral of all environmental levies
UKHospitality also wants a reintroduction of a trade credit insurance scheme for energy.
“Pre-pandemic, our industry spent £10bn a year in high-street regeneration and employed 3.2m people but with energy bills for hospitality businesses rising 300% on average – and as high as 750% in some cases – we desperately need a package of support put in place.”
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