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Rising Costs Threaten Profitability for UK Hospitality Sector

4/8/2026

36 7 Full Breakdown

Summary

Story summary

Nick Evans, co-owner of the Old Crown Coaching Inn in Faringdon, Oxfordshire, says rising costs threaten profitability as revenue reaches £1.4 million.
Annual expenses include a £370,000 wage bill and surging energy prices.
The minimum wage hike and higher business rates further strain resources.
UK Hospitality chair Kate Nicholls says many businesses may not survive the next year.

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Story summary

Nick Evans, co-owner of the Old Crown Coaching Inn in Faringdon, Oxfordshire, says rising costs threaten profitability as revenue reaches £1.4 million.
Annual expenses include a £370,000 wage bill and surging energy prices.
The minimum wage hike and higher business rates further strain resources.
UK Hospitality chair Kate Nicholls says many businesses may not survive the next year.