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Home World UK

Bars and restaurants struggling to survive ‘anti-business’ Budget | UK | News

27 November 2024
in UK
Bars and restaurants struggling to survive ‘anti-business’ Budget | UK | News
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A city bar owner warns of a dystopian future for small businesses due to Rachel Reeves’ Autumn Budget and National Insurance hikes, predicting the survival of only big chain pubs. Mark Wrigley, who runs Manchester’s Atlas Bar, fears closures as increased costs burden the hospitality sector, impacting wages, business rates, and NI contributions. Despite a turnover of £1.5m and employing 27 people, Mark faces financial strain and reduced profits, highlighting the challenges faced by independent businesses in the industry.

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