Sydney's small restaurants and bars are feeling the bite from rising ingredient prices, rent hikes and staff shortages in a fatal double blow that is forcing some hospitality venues to close their doors.
Skills Minister Brendan O'Connor says the government needs to accelerate the country's temporary migration program.The minister also said they needed to attract people back to Australia after a flight of temporary visa holders left during the pandemic.
Alex Fenshan runs The Temperance Society Bar in Summer Hill and said their landlord had increased the rent by $200 a week, even though their average turnovers had decreased. "This is the first time that we've had a severe workforce shortage, that we've had rental resets and such high inflation," he said.Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.Prepare for higher prices
"You're going to be behind the curve of inflation and behind the curve of those rental increases this year."Further compounding the pain of growing expenses is a hike in the alcohol excise tax. The alcohol tax rose by 3.84 per cent on August 1 for full-strength beer, the largest rise in 20 years.
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