‘We can’t increase prices any more’: UK hospitality firms hit by cost triple blow

UK pubs face a perfect storm of rising business rates, wage bills and energy costs, with owners warning they have reached the absolute limit of what customers can bear to pay. | Contesto: cronaca

Punti chiave

• ‘We can’t increase prices any more’: UK hospitality firms hit by cost triple blow

Contesto

Hospitality businesses across the UK are being squeezed by a triple blow of escalating costs. Soaring business rates, increased wage bills, and relentless energy price hikes are pushing many establishments to the brink. Publicans like Nick Evans, co-owner of the historic Old Crown Coaching Inn in Oxfordshire, are staring at spreadsheets in vain, struggling to make the numbers add up to a profit. The financial pressure is relentless and shows no sign of abating. The Old Crown's rich history, with its crooked beams and cosy snugs, includes hosting Oliver Cromwell in 1645. A room once used by the notorious 'hanging judge' Lord Jeffreys to condemn rebels now serves as the building's honeymoon suite. Despite such unique heritage, the economic reality is stark. Owners report that customers have reached the absolute limit of what they are willing to pay, leaving no room for further price increases to offset the mounting operational costs.

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Categoria: cronaca