Rising energy costs, April tax increases, and relentless cost pressures hit UK pubs and restaurants hard
The rate of corporate collapse in hospitality surged in February, signalling the sector was battling to survive even before the Iran war triggered additional cost pressures.
The number of accommodation and food service companies entering insolvency leapt by 22 per cent to 270 in February, according to government figures.
This worsening of the crisis confronting hospitality enterprises occurred prior to the Iran war energy cost spike and April tax increases which two thirds of operators say will compel them to reduce headcount.