UKHospitality has called on the new Chancellor Rishi Sunak to reverse the decline of the UK’s high-streets and local communities by targeting support for hospitality and high street businesses in his upcoming Budget.

Failure to provide such support, says the trade association, would jeopardise tens of thousands of jobs, putting at risk hospitality businesses struggling to deal with a cocktail of rising costs across the areas of property, labour and goods.

In its Budget submission to the Treasury, UKHospitality urges the Government to support the the industry with specific measures that help unlock economic growth, boost workforce skills and opportunities and bring communities together up and down the country.

The submission calls for action in Business rates, where it is calling for a 10% cut in the multiplier for one year, and extension of hospitality relief to more premises.

On Workforce investment it calls for a raise of the employer National Insurance Contributions threshold to help support businesses to pay higher wages, as well as reform of the apprenticeship levy.

The proposed review of alcohol taxation should be used to incentivise on-trade consumption, and to freeze alcohol duties in the Budget.

A reduction in VAT for the accommodation and food and drink industry should be considered to support tourism, particularly in coastal communities.

There should be a thorough review of EU regulations, with the aim to remove or amend unnecessary regulations that hamper business, in particular, state aid rules in relation to business rates relief

To support local communities, investment in local transport and communications infrastructure is needed.

UKHospitality CEO Kate Nicholls said: “The upcoming Budget is a key moment for the Government and new Chancellor to demonstrate their commitment to the sector and to recognise that we are a serious player and a powerful driver for positive economic growth. Hospitality is well placed to contribute positively, having achieved higher and faster growth in output, wages and productivity than the economy as a whole in recent years.

“Our message remains simple, clear and consistent: unleash hospitality’s potential and it will unleash Britain’s potential. With the right stable and supportive tax and regulatory framework we can boost employment, skills and career opportunities, secure investment in regeneration and unlock the value of our social capital to unleash Britain’s global potential.”