Click here to read a summary of the 2023 Business Leaders' Survey.
In the recent Business Leaders’ Survey done by the CGA it was revealed that despite rising costs and years of disruption from the Covid-19 pandemic, hospitality leaders remain mostly positive and confident in the industry and their own businesses.
In response, UKHospitality Chief Executive Kate Nicholls said:
“The optimistic attitude on show from leaders in hospitality demonstrates the resilience and positivity of our sector, even in the face of enormous challenges.
“With the cost of doing business crisis showing no signs of slowing down, there is urgent action needed to tackle the root causes of inflation and clear support among leaders for UKHospitality’s asks of Government in the Budget.
“If the Chancellor acts to extend more energy support, reform the broken business rates system and reduce the sector’s rate of VAT, the Government can harness the spirit of hospitality businesses to see off current challenges, drive economic growth and lift the nation’s economy.”