Whitbread said in November that reforms announced in the budget would cost the business up to £50m from 2027, but has now lowered its initial forecast.

Premier Inn is the UK's largest hotel chain with more than 800 hotels.

The chain is set to see the rateable value of its Nelson Hotel on Norwich's Prince of Wales Road - its largest hotel in Norfolk - triple in April, increasing by 200pc.

The rateable value of Premier Inn's Nelson Hotel on Norwich's Prince of Wales Road will........

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