Businesses say rising costs are putting jobs and businesses in the hospitality sector at risk costofliving
Rising costs are putting jobs and businesses in the hospitality sector at risk, a business group has said.Hospitality was among the sectors hardest hit by the pandemic and now the industry has gone from one crisis to the next.
For example, the cost of a fillet of fish has increased from £2 to £3.50, Captain Jack's cooking oil bill rose from £400 a month to £1,400 a month and the price of butter has increased from about £60 a case to more than £70 a case. Manager Robin Clarke said it was the second restaurant it had to close this year due to rising costs.
Finance Minister Conor Murphy said the Treasury must act now to support businesses facing soaring energy prices and crippling costs."The measures taken by the British government to date have failed to deliver support for businesses, which are under immense pressure as a result of increased fuel and energy costs.""Treasury cannot wait until the autumn to take action, the reality is that this may be too late for some businesses.
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