Sacha Lord is calling on the government to make one change that could save the hospitality industry
It has been a difficult three years for the hospitality industry, which has had to survive both the lockdowns of the Covid pandemic and the following years of seemingly never-ending price rises. Figures show that the rate at which much-loved boozers and fine eateries are closing has now slowed, although one in 40 venues have still shut in the past year.
Mr Lord, who has just published a tell-all memoir about his 30 years inside the Manchester music scene, said on X: "As figures show a slight decline in Hospitality closures, the only thing that will fully stop closures and in fact create openings, is a VAT REDUCTION.
Data published today shows that there has been a drop of more than 2,000 hospitality businesses in the year to March, though the rate at which they are closing has slowed by around half a percentage point.
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