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South West hospitality businesses call for Government support ahead of Chancellor's Budget

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Written by: Hannah Baker | Posted 24 October 2018 16:54

South West hospitality businesses call for Government support ahead of Chancellor's Budget

The South West's hospitality businesses are calling on the government to boost support for the industry, following research that reveals the economic impact of the sector in the UK.

Hospitality businesses in the South West employ 311,000 and boost the regional economy by 6.7billion, according to new figures published by UKHospitality.

The trade association representing the country's hospitality sector has released new figures highlighting the contribution being made by hospitality businesses to Britain.

UKHospitality chief executive Kate Nicholls said: “The data shows what an important asset the hospitality sector is to the South West.

"Hospitality businesses are vital resources for local communities in every region of the UK, contributing enormously.

Read more: IoD urges Government to introduce 'productivity allowance' as South West business confidence grows

 

"They provide jobs, opportunities, training and investment and indirectly help support many other vital employers and services in towns and city centres.

“Not only are they integral economically, they are serve an important social function, giving customers an opportunity to relax, unwind and enjoy themselves.

“We need support from the Government to ensure these businesses continue to grow and prevent the closure of venues that have hit some regions.

"We have called on the Government to provide support for these fantastic local assets to ensure they continue to thrive and provide jobs, opportunities and investment in the South West.”

The association now wants the Government to:

  • Introduce an online revenue tax to freeze business rates increases and introduce enhanced hospitality rate relief over the next two years ahead of root and branch of the business rates system
  • Double the National Insurance Contribution threshold for employers
  • Ensure future NLW rates and structure are set independently by the Low Pay Commission
  • Re-introduce hospitality capital allowances – and introduce a business rate moratorium after refurbishment
  • Implement the Northern Ireland VAT review on tourism services and extend it to the whole country as well as freezing alcohol duties to promote exports, improve the balance of trade and create new jobs across the countr
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