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UKHospitality Predicts 'Widespread Business Failure' and Calls on Goverment for Energy Costs Action

August 31, 2022

UKHospitality has called on the Government for urgent support if thousands of hospitality businesses are to avoid collapse this winter in the face of soaring energy costs.

In a letter to Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng, UKHospitality Chief Executive Kate Nicholls writes: “Hospitality businesses are facing a crisis this winter, with soaring costs combined with a sharp drop in disposable incomes for our customers.

“Without support, the industry will see widespread business failure, leading to tens of thousands of job losses, persistent scarring to high streets and damaged social mobility.”

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