Restaurants, pubs, and chippies want more than a mini budget
felt that the measures announced today’s mini budget were inadequate. It failed to “address the vulnerability of our members’ pubs in every community,” Alton said. “We will continue to engage and make the case to Government for our members as they conduct their review into vulnerable sectors with the Prime Minister having previously referenced our local pubs. Simply without further support many pubs will fail.
, the body representing fish and chip shops in the U.K. “Sadly, the government have not done enough to support small independent businesses. They have put bankers above bakers and financiers over fish friers,” Crook said. “A lot to digest, but with lower taxation on profits, there is an implication that we are going to show a profit. That is extremely unlikely for the vast majority of my members.”
But there was some cautious support in some quarters — notably, big business hospitality. Nicolas Burquier, managing director for Pizza Hut Europe and Canada said it was great to see government acknowledge and act on the “significant pressures facing the UK hospitality sector as a result of the rise in global inflation.”
“Combined with the recently announced support on energy bills, the tax changes and Investment Zones unveiled today, all will offer some much needed short-term respite for many hard-pressed restaurants and takeaway owners like our franchisees as we head into the winter,” Burquier said. The measures come at the end of a week in which the Bank of England increased the interest rate from 1.75 percent to 2.25 percent, which prompted Nicholls to caution that it would “exacerbate the already challenging trading environment” for restaurants. Indeed, the crises, which have now been a mainstay for the last two and half years, show no sign of slowing down for hospitality businesses in London and the rest of the U.K.Check your inbox for a welcome email.