Last orders: One in six hospitality venues face closure in next year

Nearly a quarter of pubs, restaurants and cafes are loss making, the industry has warned potential new Prime Minister Andy Burnham.

The number of hospitality venues losing money has risen to 23 per cent, up from 15 per cent three months ago, according to the latest grim industry figures.

High costs mean that one in six businesses are at risk of closing in the next 12 months, prompting fresh calls from well-known chefs and small business owners for a VAT cut.

Operators have voiced concern over looming venue closures and the decimation of jobs for young people.

The industry’s plight was laid bare in new research produced by the British Institute of Innkeeping (BII), UKHospitality, the British Beer and Pub Association and HospitalityUlster.

Nearly a quarter of pubs, restaurants and cafes are loss making, the industry has warned potential new Prime Minister Andy Burnham.

The number of hospitality venues losing money has risen to 23 per cent, up from 15 per cent three months ago, according to the latest grim industry figures.

High costs mean that one in six businesses are at risk of closing in the next 12 months, prompting fresh calls from well-known chefs and small business owners for a VAT cut.

Operators have voiced concern over looming venue closures and the decimation of jobs for young people.

The industry’s plight was laid bare in new research produced by the British Institute of Innkeeping (BII), UKHospitality, the British Beer and Pub Association and HospitalityUlster.

Last orders: One in six hospitality venues face closure in next year

Last orders: One in six hospitality venues face closure in next year

Other newsrooms on this story

Related reading

Tom Kerridge says 'hospitality isn't employing right now'

Celebrity chef Tom Kerridge makes direct appeal to Andy Burnham for tax cut

Would a £10bn VAT cut really save hospitality?

Top chefs warn of catastrophe for hospitality and call for tax cut

Half of UK job losses in hospitality, say bosses

Hospitality leaders ramp up pressure on Labour to slash VAT

Other newsrooms on this story

Related reading

Tom Kerridge says 'hospitality isn't employing right now'

Celebrity chef Tom Kerridge makes direct appeal to Andy Burnham for tax cut

Would a £10bn VAT cut really save hospitality?

Top chefs warn of catastrophe for hospitality and call for tax cut

Half of UK job losses in hospitality, say bosses

Hospitality leaders ramp up pressure on Labour to slash VAT