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UKHospitality has unveiled a three-point plan which it will focus on in 2024 to put hospitality at the “front and centre of policy making” ahead of the next General Election.
The plan includes generating investment through root and branch reform of business rates, creating jobs through Apprenticeship Levy reform and driving economic growth through a lower rate of VAT.
Prime minister Rishi Sunak must call a General Election before 28 January 2025, five years since the current Parliament first sat.
The government has also confirmed that chancellor Jeremy Hunt will deliver his Spring budget on 6 March 2024.
Kate Nicholls, UKH chief executive, said: “Hospitality businesses will be hoping this year brings some respite from the endless price rises that have plagued the sector over the past 18 months. What’s becoming more apparent is that, despite falling inflation, government action is still needed to bring costs down and allow hospitality businesses to reach their potential.
“Hospitality is clearly one of the most strategically important sectors in the economy – contributing £93bn to the economy, employing 3.5 million people and generating £54bn in tax revenues for the Treasury. With the potential our sector has for growth, it’s essential we receive the support and investment needed to achieve our goals.”
