0:00
It's absolutely awful. It's just another nail in the coffin for the hospitality sector
0:04
We are already on our knees. Don't forget we had COVID and we were trying to claw our way back
0:10
And then along comes Rachel Reeves and Rexus again. It is horrific. The profit margins that
0:16
we're making already, many pubs across this country are only making 12 pence per pint
0:21
There is enough fast fortunes in pubs. And with all the increased 3.6% on duty
0:27
rising energy costs, increased national living wage. It is just becoming unsustainable
0:34
So she said that she was doing you a favour in the budget. That was great. I love our local British pub, the great British pub
0:40
Well, then it turns out that that's not true, is it? I mean, looking at things like this, your business rate's jumping from an average of £8,000 to £15,500
0:47
Could you give me, if you don't mind, a bit of a practical example about how this is affecting you
0:52
Well, it's massively affecting us because we're trying to... We're seeing a downturn in business
0:57
People's drinking tablets are changing anyway. And British pubs are at the forefront of what
1:02
There are globe that holds our communities together. People are not going in them. So already we're trying to pull business back all the time
1:08
so we're fighting against that. And then when you've got added on costs, you're having to get rid of staff
1:14
The hospitality sector generates £26 billion a year. And it employs hundreds of thousands of people
1:21
low-skills workers, young people, people who are in university. these people are losing their jobs as well
