nightlife businesses have seen a 26 per cent increase in their total operating costs in the last year.NTIA CEO Kill said at the time that consumers could end up paying considerably more for a night out in the future as a result.There are also concerns that clubbers could decide to cut down on the number of nights out they have in an effort to ensure they can pay their household bills amid Britain’s growing cost of living crisis.At the start of 2022, it was reported that the UK could soon be left with just 5,000 nightclubs in operation across the country.
A study using data obtained from the Office of National Statistics (ONS) found that hospitality in the UK has been on the decline for a decade.The government responded with some financial assistance packages, including a £1billion support package introduced in December 2021 after the emergence of the Omicron variant of COVID.
Read more on nme.com
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