More than 2,000 hospitality businesses could close this year - six venues every day |
Analysis by UK Hospitality suggests six venues will be forced to shut down every day, including 963 restaurants, 574 hotels, and 540 pubs, unless the government intervenes before April's revaluation.
The trade body forecasts that pubs face a 15pc rise in business rates bills from April, costing them an extra £1,400 in year one and £12,900 over three years, an increase of 76pc.
Meanwhile, the average hotel will see its rates bill rise by £28,900 next year, and by £205,200 over the next three years, up 115pc.
........