Two-thirds of UK hospitality businesses plan to cut jobs and one in seven will close, survey finds

Sector cites ‘billions of pounds in additional costs’ from new business rates and increase in minimum wage thresholds Two-thirds of hospitality businesses are planning to cut jobs as a result of “suffocating” costs imposed by government, as new business rates and higher wage bills come into force. Many pubs, restaurants and hotel companies will see their costs increase significantly from 1 April after Rachel Reeves’s changes to business rates and an increase in minimum wage thresholds announced at the chancellor’s November budget.