UKH warns of over 2,000 closures without business rates relief
🏠 More than 2,000 UK hospitality venues could close in 2026, driven by a business rates hike in April, says UKHospitality. Forecasted closures include 963 restaurants, 574 hotels, and 540 pubs. Business rates for hotels may rise by £28,900 next year, totaling a 115% increase over three years. Pubs might see a 15% rise, adding £1,400, and a 76% increase over three years. UKH urges the government to increase the rates discount from 5p to 20p.
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