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6se12 News
UK Inflation Rise: Will it Impact Your Holiday Budget?
UK inflation climbed to 3.8% in July, up from 3.6% in June, according to the Office for National Statistics. UKHospitality reports that increased business costs, totaling £3.4 billion annually since April, have forced 80% of hospitality businesses to raise prices. The trade body urges the government to lower business rates, fix NICs, and cut VAT to support the hospitality sector and curb inflation, rather than increasing taxes.