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Hospitality industry in Wales facing challenges as business rate support reduced

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The total amount the Welsh government is spending on business rates support for hospitality, retail and leisure businesses will go down this year.

The discount has been reduced from 75% to 40% in Wales, with financial aid mostly gone and costs still rising, many companies will be severely impacted.

In addition, the national living wage across the UK has been increased by more than £1 for the first time, from £10.42 to £11.44 an hour.

Read more: https://news.sky.com/story/ryan-reynolds-may-have-sprinkled-hollywood-dust-on-wrexham-but-waless-hospitality-sector-is-struggling-13102142

#skynews #hospitality #wales

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Category
World
Tags
Sky, News, Cost of living
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