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Hospitality is proven to be a driving force behind economic growth and job creation, with the right economic conditions.
With the right environment, hospitality could increase its direct contribution to the economy by £29 billion and create half a million new jobs by 2027, according to an economic report by Ignite Economics.
It’s clear that, with the challenging times businesses continue to face, that significant measures are still needed to ensure hospitality can meet its potential.
We have a clear three-point plan that can allow the sector to achieve that:
- 1
Growth
We need to see a lower rate of VAT for hospitality, leisure and tourism.
This will boost demand, help businesses overcome rising costs and prevent further price rises for consumers.
- 2
Investment
Root and branch reform of business rates has long been promised but remains the biggest barrier to investment in the high street.
We need a permanent, lower rate multiplier for hospitality, leisure and tourism.
- 3
Jobs
There can be greater incentives and reward for businesses investing in their people.
This should start with Apprenticeship Levy reform to give businesses more control and flexibility over how funds are spent, to support recruitment and development.
We’re bringing this plan to our engagements with all political parties, in the run-up to the General Election, to ensure hospitality remains front and centre when policy is being developed.
Back our calls for a lower rate of VAT
Write to your MP and urge them, and their parties, to support a lower rate of VAT for hospitality, tourism and leisure.
