Work massively. with the remote working increases access to work massively. with the potentiall work massively. with the potential 50 million. work massively. with the potential 50 million, sorry, work massively. with the potential 50 million, sorry, £50 work massively. with the potential 50 million, sorry, £50 billion- work massively. with the potential| 50 million, sorry, £50 billion boost to the 50 million, sorry, £50 billion boost to the economy 50 million, sorry, £50 billion boost to the economy is 50 million, sorry, £50 billion boost to the economy is more 50 million, sorry, £50 billion boost to the economy is more part timel to the economy is more part time workers to the economy is more part time workers can to the economy is more part time workers can increase to the economy is more part time workers can increase their- to the economy is more part time workers can increase their work. workers can increase their work through workers can increase their
When energy costs are going up by 50% to 100%, you want to make sure you re being energy efficient, looking at every area of your profit and loss account to make sure you re eliminating unnecessary costs, and decarbonising can help to do that. for all of those reasons, it has a top piracy for the hospitality sector. with a large number of smes on a small number of changes made by many thousands of businesses will turn into a big result in decarbonising the economy. band turn into a big result in decarbonising the economy. and to ou, decarbonising the economy. and to you. josie. decarbonising the economy. and to you. josie. this decarbonising the economy. and to you, josie, this really decarbonising the economy. and to you, josie, this really matters - decarbonising the economy. and to you, josie, this really matters to i you, josie, this really matters to the workforce of tomorrow, almost, doesn t it? , ., , , ., doesn t it? the people coming into indust , doesn t it? the people
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And we also have kate nicholls with us. she is chief executive of uk hospitality. many of uk hospitality. thanks to all of you for joining many thanks to all of you for joining us this evening. lots to get through. let s start with you, kate, if we can and maybe you can give us a sense of what the pandemic has been like for you and your business. well, the hospitality sector pre pandemic was the third largest industrial sector in the economy. it employed 3.2 million people, a further 2 million in the supply chain, £130 billion worth of turnover which meant it was bigger than automotive, pharmaceuticals and aerospace put together, and during the 18 months of the pandemic, that business almost entirely closed subject to really severe restrictions, operating at a loss. it is now one third of the size it was going into the pandemic and has lost over £100 billion worth of revenue. sadly, 12,000 businesses close, 10% of our restaurants, 20%
Taxes super deduction, the 130% relief on taxes to super deduction, the 130% relief on taxes to encourage investments. it should taxes to encourage investments. it should reduce business rates. the business should reduce business rates. the business rates in this country are really business rates in this country are really hurting the high street. they are four really hurting the high street. they are four times higher than germany, three are four times higher than germany, three times are four times higher than germany, three times higher than the ec average three times higher than the ec average was up we need to get them to a sensible level. there is a lot the government can do to encourage growth the government can do to encourage growth because that will generate obs growth because that will generate jobs and growth because that will generate jobs and they will generate taxes and the jobs and they will generate taxes and the taxes will help aid any debt and