Sacha Lord, a prominent Labour donor and chair of the Night Time Industries Association, has warned Chancellor Rachel Reeves to reverse her Autumn Budget proposals. He claims the budget threatens the viability of thousands of businesses, particularly in the struggling hospitality sector, which employs 3.5 million people. Lord's stance reflects concerns that unless the Chancellor adjusts her policies, substantial job losses and business closures could ensue, particularly with predictions of 9,000 pubs closing this year. He urges swift action to prevent irreversible damage to the economy and the communities reliant on these businesses.
These businesses are not just numbers, they prop up our high streets, our communities and our culture that we are famed for the world over.
The policies outlined in the Autumn Budget and set to be introduced in April will cripple businesses across the sector, and the consequences of these plans are already becoming visible.
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