A recent survey reveals that 64.4% of hospitality, night-time economy, and events businesses deem a reduction in VAT as crucial for survival. The study, covering over 250 businesses, highlights a deep crisis; more than half of respondents expect significant job losses as they grapple with drastic cost increases, declining footfall, and inadequate government support. With an overwhelming feeling of abandonment echoed by industry owners, the fate of local venues and eventsâcentral to cultural identityâis perilously hanging in the balance as they struggle to cope with rising operational costs and diminishing customer numbers.
We are being abandoned.
Huge hikes in utilities (6-50%), the effect of Employers' NI changes, and inflation are about to hit us hard-and we simply can't pass this all onto ticket prices.
While bills skyrocket and customer numbers dwindle, Government support has been shrinking.
We can't raise prices forever.
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