New figures from the Office for National Statistics show that inflation fell 0.1% in August, to 6.7%.
Our Chief Executive Kate Nicholls said: “Inflation slowing at a glacial rate will leave hospitality businesses incredibly concerned ahead of next month’s crucial figures, which determine the annual rise in business rates.
“In the current economic climate, rates rising with inflation, coupled with reliefs ending, would be catastrophic for businesses.
“A commitment from the Government to freeze the business rates multiplier and commit to an extension of business rates relief is needed as soon as possible.
“In the short-term, implementing Ofgem’s recommendations for action in the business energy market would see energy bills fall and help rapidly cut inflation.”