The Budget: “disappointing and potentially damaging for the hospitality industry”: Beacon MD Paul Connelly comments on today's Budget announcement.
“This is a disappointing and potentially damaging budget for the hospitality industry. The Chancellor doesn't seem to hear what hospitality bodies and businesses are telling him, the concerns we raise and solutions we provide. My fear now is that 2016 could be the year that the industry is forced to change for good but not for the better.”
“We are already seeing price increases from suppliers in order to offset the impact of the NLW coming into effect next month, as well as the anticipated increase to £9 per hour by 2020. Add to this the uncertainty around the Drink Drive Legislation that could be introduced in England in the near future, as well as the current rate of Tourism VAT in Britain, and the scale of the challenges the industry is facing becomes clear. We are certain that these Government changes affect our industry disproportionately, but this isn’t reflected in the amount of Government support the industry receives. A token freeze in duty is simply not enough to support the hospitality industry.”
Earlier this month, our CEO Rob Payne published an article on what the hospitality industry wanted to see from today's Budget. Click here to view the post.