A recent survey reveals that a third of the UK's pubs, bars, and restaurants are now operating at a loss, largely due to significant tax increases implemented from April. These changes, including a rise in employer National Insurance and increased business rates, have forced 60% of operators to reduce staff and cancel investments. The total impact on the sector amounts to £3.4 billion, complicating recovery efforts after the pandemic and increasing the risk of business closures.
A significant third of the UK's hospitality sector is now operating at a loss due to recent government tax increases, threatening the stability and future of the industry.
The total cost impact from recent fiscal changes is estimated at £3.4 billion, raising concerns about closures and job losses in the hospitality sector.
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