Michael Kill, CEO of the Night Time Industries Association:

“Inflation holding at 3% is a positive signal and will give many people a degree of confidence after a prolonged period of economic pressure. However, that optimism is tempered by the ongoing volatility caused by cross-border conflicts, continued pressure on disposable incomes, and persistently elevated operating costs—all of which remain firmly at the top of people’s concerns.

With the 1st April tax increases fast approaching, this will be a key moment for the broader industry. Business rates, in particular, remain unresolved for the wider hospitality and night time economy sector and continue to place significant strain on operators already navigating a challenging environment.

This uncertainty is resonating across the sector – impacting confidence, job security, and forcing businesses to make critical decisions about their future. Ironically, the only predictable element right now is the unpredictability of the landscape, making long-term planning incredibly difficult.”