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National World - LocalTV
  • 9 months ago
Amid the cost of living crisis, water bills, energy bills and some groceries are a few things which are set to increase in price in April.
Transcript
00:00Amid the cost of living crisis, water bills, energy bills and some groceries are a few
00:05things which are set to increase in price in April.
00:08Added to this list is the price of a pint.
00:11It's thought that an average pint of beer is set to cost over £5 in England.
00:16Industry bosses have said that the amount is set to surge due to price hikes hitting
00:20the pub sector.
00:22Another reason for these price hikes is considered to be due to firms facing an increase in the
00:27national minimum wage.
00:29Emma McClarkin, the Chief Executive of the British Beer and Pub Association, said
00:34The cumulative impact of these taxes and regulations is now plain to see and it is highly unfortunate
00:40that the only way many pubs can remain viable is to pass on the array of upcoming costs
00:45to consumers.
00:46She went on to say that no one wants to see the cost of an average pint increase by a
00:51further 21p that will be required for pubs to maintain their punishingly slim profit
00:57margins.
00:58The Nighttime Industries Association has been aware that a number of areas from our industry
01:06are slowly eroding away as a result of lots of different forces and reasons and policies
01:13and so it was important for us to undertake a big piece of research to get a full picture
01:18of what we're dealing with.
01:20So I think we are going to see unfortunately more businesses go to the wall.
01:25We are likely to see people still being very careful with their money, there are still
01:31a lot of challenges on day-to-day costs.
01:35Michael Kill, the CEO of Nighttime Industries Association, said minimum wage hikes may seem
01:40like a win for workers but for small nightlife and hospitality businesses already stretched
01:45thin, it's at breaking point.
01:47He went on to say that the fear across the sector is real and should not be ignored.
01:52This isn't just about bricks and mortar, this is about people's livelihoods.
01:55This is about artistic excellence in our cities, it's also about community cohesion
02:00and that economic contribution to the UK's top level economy.
02:05So from our perspective there is a lot more here to lose than just venues like clubs and
02:10music venues.
02:12This really is about a significant slice of the UK's workforce, we're the fifth biggest
02:18industry in the UK and it isn't just about the spaces that we meet up and dance but it's
02:23the industry that's at stake here.
02:2518 to 24 year olds were found to be the most sober age group across the country.
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