Comment on Alcohol Duty Rise Today – Michael Kill, CEO NTIA:

“Today’s warnings from drinks industry leaders that further price rises are inevitable underline the intense and ongoing financial pressure facing hospitality and the night-time economy. With alcohol duty rising in line with inflation and supplier costs continuing to increase, many businesses have little choice but to pass these costs on to consumers, despite already fragile trading conditions.

“This comes at a time when broad sections of hospitality and the night-time economy have once again been overlooked for meaningful business rates relief. While limited, targeted support is welcome for some, it does little to address the reality facing restaurants, bars, nightclubs, late-night venues and the wider supply chain, all of whom are contending with rising rates, taxation, staffing costs and regulatory burdens.|

“Selective support is simply not enough. Without a comprehensive, sector-wide approach, rising supplier costs and tax pressures will inevitably lead to higher prices, reduced consumer spending, and business closures. The night-time economy supports over 2 million jobs and contributes billions to the UK economy. It is time for the Government to recognise its value and deliver fair, inclusive support that allows the sector to survive and grow.”