Nearly 25% of UK pubs and restaurants lose money, research shows

Hospitality trade bodies’ data published as celebrity chefs and restaurateurs launch campaign for VAT cutNearly a quarter of UK pubs, bars and restaurants are losing money, according to new survey data that came as a group of celebrity chefs and business owners stepped up their campaign for a sector-specific VAT cut.Spearheaded by chef Tom Kerridge, leading figures in the hospitality sector are calling for VAT on the industry to be cut from 20% to 10%. Continue reading...