Statement from Michael Kill, CEO of the Night Time Industries Association:
“We have observed the slight uptick in inflation from 2% to 2.2% in July, but for our sector, the impact will be minimal. The real focus for night-time economy businesses remains firmly on the upcoming Autumn Budget. With a growing government narrative around the voids in public funding that are fuelling inevitable tax increases by the Chancellor on the 30th October. The potential for further tax increases, could place an additional burden on businesses still recovering from the challenges of recent years. The Autumn Budget must not lose sight of the fragility of our sector, and prioritise the continuation of support for our sector, ensuring that we are not left behind during this critical period.”
