Rail strikes cause £5bn loss for UK hospitality - The Spirits Business
The latest round of rail strikes in the UK is expected to result in a £387 million (US$489m) loss for the hospitality sector.
Source: thespiritsbusiness.com
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Why are UK nightclubs closing down?
“Alarming,” is how the Night Time Industries Association’s CEO sums up the fact that a third of Britain's nightclubs have dropped off the map.
Source: morningadvertiser.co.uk
Number of nightclub closures since March 2020
Nearly a third (31%) of all nightclubs closed their doors between March 2020 and December 2023 figures have found.
Source: morningadvertiser.co.uk
Hospitality trade bodies call for VAT cut at NTE Summit 2024
Hospitality trade body leaders called for a reduction in VAT and opened up about the challenges of negotiating with politicians at the 2024 NTIA Night Time Economy Summit last week.
Source: morningadvertiser.co.uk
NTIA urges for hospitality VAT cut in Spring Budget
The Night Time Industries Association (NTIA) has urged for VAT to be cut for all businesses in the Spring Budget to save the night time economy from collapse.
Source: morningadvertiser.co.uk