‘Government must address rising business costs,’ says ALMR
Posted in Licensing | August 25, 2017 | by Dadds LLP Solicitors
The ALMR (Association of Licensed Multiple Retailers) has welcomed a report by the British Chamber of Commerce that shows rising costs for UK businesses, including those in the hospitality sector.
The ALMR, a national trade body dedicated to representing the interests of the UK’s eating and drinking out sector, says the report reflects its own findings for pubs, clubs and restaurants.
ALMR Chief Executive Kate Nicholls said: “The ALMR has been highlighting for more than a year how costs for businesses are rising. The BCC’s report states exactly that, and is a welcome addition to our own efforts to highlight how the Government must be wary of rising costs jeopardising businesses growth.
“The 2017 ALMR Christie & Co Benchmarking Report shows operating costs in the eating and drinking out sector rising above 50% of turnover for the first time. If this trend of rising costs continues, many businesses will struggle.
“The Government could begin to tackle this problem by starting with a complete overhaul of a business rates system that is heaping costs on businesses and undermining confidence and investment.”
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