24 Hrs
Source:
The Guardian
Quarter of UK pubs and restaurants unprofitable
Nearly 25% of UK pubs, bars, and restaurants are losing money amid rising costs and increased taxes. Industry leaders, led by chef Tom Kerridge, are campaigning for the VAT rate to be cut from 20% to 10% to help struggling businesses. The proposal, estimated to cost the treasury up to £12 billion, has support within the sector but faces skepticism from some analysts.
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