The UK’s largest representative body for the hospitality sector said last night’s election result could bring a much-needed end to Brexit uncertainty but urged the government to deliver support for business.
After a dramatic day at the polls, the Conservative Party secured a historic majority, with Labour suffering its worst defeat since 1935 as it lost seats in key constituencies throughout the UK.
Kate Nicholls, chief executive of UKHospitality – the voice for more than 700 operators responsible for 65,000 venues – reiterated her plea for Boris Johnson to cut business rates and boost employment.
She said: “A majority means that we begin to draw a line under the uncertainty we have felt over the last few years. The priority for this government will be to secure the best Brexit possible, and the sooner it does that the sooner it needs to fulfil its election promises to business.
“We want to see the promised reduction in business rates delivered at the earliest opportunity. The new government must also support business in delivering employment and an increase in skills and opportunities across the board.”
The UK hospitality sector creates £130 billion in economic activity and generates £39 billion of tax for the Exchequer. It is reportedly the third largest private sector employer in the UK – double the size of financial services and bigger than automotive, pharmaceuticals and aerospace.