Question to the Department for Business and Trade:
To ask His Majesty's Government what assessment they have made of the hospitality sector’s contribution to social productivity and inclusive economic growth across the UK.
We recognise the vital role hospitality businesses play in driving economic growth and strengthening community cohesion across the country.
We plan to introduce permanently lower business rates for retail, hospitality, and leisure properties with a rateable value under £500,000, We have reduced alcohol duty on qualifying draught beer products, saving the sector over £85 million annually. We’ve introduced a Hospitality Support Scheme to co-fund projects aligned with Department for Business & Trade and Sector Council priorities, such as supporting initiatives like Pub is The Hub to encourage local investment. We have also launched a licensing taskforce to cut red tape and remove barriers to business growth.
DBT ministers are pleased to be working with the Hospitality Sector Council on strategic issues facing the sectors. The next Council meeting in July will be addressing the topic of the sector’s social and economic contribution.