Rachel Reeves has come under fire for her Budget measures (Image: Getty)
Pubs will have no option but to increase prices of all their products and cut hours to survive a ￡1.7million bill thanks to Rachel Reeves's Budget, a business chief has warned.
Firms say an increase in employers' National Insurance contributions, brought in by the Chancellor to help raise money for the Exchequer, will cost them dearly.
by Taboola by Taboola
Sponsored Link Sponsored Link
Promoted Links Promoted Links
Nevada Issuing Hefty Rebates To Drivers (Check Your Zip)Penny Pincher
Undo
DON'T MISS
Powered by
Labour's tax raid: why lifeblood businesses are petrified about April's tipping point
1 Comments
UK shoppers buying cheap clothes warned as China factory staff ‘working 31 days a month'
13 Comments
Rachel Reeves, one thing about you is becoming more obvious by the day
254 Comments
Rachel Reeves' nightmare budget blamed for UK clothes price hike by retail boss
3 Comments
Angela Rayner humiliated as builders warn her house building plan will fail
66 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
28 Comments
Embattled Rachel Reeves could hike taxes AGAIN this spring - here's where she may strike
44 Comments
Lower wages, higher prices and austerity 2.0 - how Rachel Reeves destroyed the economy
69 Comments
Dragons' Den star Sara Davies forced to rescue failing business she started as a student
1 Comments
Rachel Reeves 'very depressed' and 'cant see way out' of UK economy woes
824 Comments
Rachel Reeves gambles with national security to 'bet on red' with China trip
364 Comments
Rachel Reeves' tax bomb threatens my family's future - our farm may not survive
37 Comments
Rachel Reeves dealt massive blow as Bank of England exposes huge problem
37 Comments
Rachel Reeves issued major warning as tourist tax fears in Britain grow
28 Comments
Blood Sugar Above 100? Try This Tonight (It's Genius)Blood Health Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Food prices warning to anyone buying olive oil, chocolate or butter
9 Comments
Crisis in Majorca as tourists abandon island over high prices
34 Comments
Nevada Drivers Are Furious After Discovering Hidden Discounts (Check Your Zip)Penny Pincher
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Fury as Rachel Reeves plots new 'hotel tax' on British tourists
248 Comments
Rachel Reeves Budget changes could lead to Sainsbury's price rise
89 Comments
People in Las Vegas are Loving Martha Stewart's Meal KitMartha Stewart & Marley Spoon
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves's inheritance tax raid 'risks my family's future', worried farmer warns
31 Comments
Crisis in London as big firms ‘stop hiring' and say ‘it's all Rachel Reeves's fault'
4 Comments
Snag unbeatable deals at our sale event!Promotion 50% OFF
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Labour's tax raid: why lifeblood businesses are petrified about April's tipping point
1 Comments
UK shoppers buying cheap clothes warned as China factory staff ‘working 31 days a month'
13 Comments
Eat 1 Teaspoon Every Night, See What Happens A Week Later [video]Health Benefits
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves, one thing about you is becoming more obvious by the day
254 Comments
Rachel Reeves' nightmare budget blamed for UK clothes price hike by retail boss
3 Comments
Why Choose a Fiduciary Advisor?Bankrate Read Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Angela Rayner humiliated as builders warn her house building plan will fail
66 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
28 Comments
Drill Baby Drill: First Atlantic Nickel Strikes BigThe Tomorrow Investor Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Embattled Rachel Reeves could hike taxes AGAIN this spring - here's where she may strike
44 Comments
Lower wages, higher prices and austerity 2.0 - how Rachel Reeves destroyed the economy
69 Comments
Unbeatable Prices on TemuTEMU Shop Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Dragons' Den star Sara Davies forced to rescue failing business she started as a student
1 Comments
Rachel Reeves 'very depressed' and 'cant see way out' of UK economy woes
824 Comments
Breakthrough ""Arthritis Pill"" Takes America By StormJoint Gummies Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves gambles with national security to 'bet on red' with China trip
364 Comments
Rachel Reeves' tax bomb threatens my family's future - our farm may not survive
37 Comments
Create your free account today!Interactive Brokers Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves dealt massive blow as Bank of England exposes huge problem
37 Comments
Rachel Reeves issued major warning as tourist tax fears in Britain grow
28 Comments
Food prices warning to anyone buying olive oil, chocolate or butter
9 Comments
Crisis in Majorca as tourists abandon island over high prices
34 Comments
Fury as Rachel Reeves plots new 'hotel tax' on British tourists
248 Comments
Rachel Reeves Budget changes could lead to Sainsbury's price rise
89 Comments
Rachel Reeves's inheritance tax raid 'risks my family's future', worried farmer warns
31 Comments
Crisis in London as big firms ‘stop hiring' and say ‘it's all Rachel Reeves's fault'
4 Comments
Labour's tax raid: why lifeblood businesses are petrified about April's tipping point
1 Comments
UK shoppers buying cheap clothes warned as China factory staff ‘working 31 days a month'
13 Comments
Rachel Reeves, one thing about you is becoming more obvious by the day
254 Comments
Rachel Reeves' nightmare budget blamed for UK clothes price hike by retail boss
3 Comments
Angela Rayner humiliated as builders warn her house building plan will fail
66 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
28 Comments
Embattled Rachel Reeves could hike taxes AGAIN this spring - here's where she may strike
44 Comments
Louise Maclean, director of sales and marketing at the Signature Group - a hospitality firm with 700 staff across 24 venues in Scotland - and director of the Scottish Hospitality Group, told BBC Radio 4's Today programme: "We are looking at a price increase on April 1 to reflect the cost pressures that are coming into the business, both from the Budget announcements earlier in 2024, but also from price rises that out suppliers are passing onto us.
"We have no choice but to pass on to the customer, which is what none of us want to do. We don't want to see increased prices at the till.
Powered By
00:00/01:30
10 Sec
126.9K
15
Rachel Reeves says Budget will deliver 40,000 extra hospital appointments each week
Next
Stay
"But there is no choice because, if we don't, we're going to be a loss-making business in 2025."
Sponsored
Online Shopping ToolsAmazon Is Losing Money as Shoppers Are Cancelling Prime For This Clever Hack
Undo
by Taboola by Taboola
READ MORE: Rachel Reeves slaughtered on GB News as star issues brutal five-word verdict [REPORT]
Venues might be forced to increase their prices (Image: Getty)
She added that suppliers' costs, such as production of food, have increased because of the Budget, which are passed onto venues.
"We have our own cost pressures," Ms Maclean said, "which is ￡1.7million, is what the Budget cost us. So, from March 31 into the April 1, we will see a ￡1.7million into our costs.
"We cannot survive as a business unless we pass them onto the customer."
She added that the price of every single product will have to go up by about 10% if her company wants to keep going. She also said there are a "raft" of closures in the hospitality sector and that venues are "pulling back hours".
In George Street, Edinburgh, for example, 50% of venues are shut on Mondays and Tuesdays as bosses "reign in back in" after a "buoyant" Christmas.
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
READ MORE:
POLL: Should Keir Starmer sack Rachel Reeves as he throws her future into doubt? [POLL]
ITV GMB fans say same thing as new voting poll unveiled and Farage will be happy [REPORT]
Fresh blow for Rachel Reeves as adviser leaves after six months in job [REPORT]
Venues in Edinburgh' George Street have been affected by Rachel Reeves's Budget (Image: Getty)
Trending
Referring to opening hours, she said: "We are so worried about what's happening on April 1, that we have no choice but to contract just now.
"Nobody wants to see a contracting hopitality sector. We're the lifeblood of the high street."
She added: "For us to maintain profitability from 2024, we have to pass on the price rise to the consumer and ensure sales don't drop.
DON'T MISS
Powered by
Labour's tax raid: why lifeblood businesses are petrified about April's tipping point
1 Comments
UK shoppers buying cheap clothes warned as China factory staff ‘working 31 days a month'
13 Comments
Rachel Reeves, one thing about you is becoming more obvious by the day
254 Comments
Rachel Reeves' nightmare budget blamed for UK clothes price hike by retail boss
3 Comments
Angela Rayner humiliated as builders warn her house building plan will fail
66 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
28 Comments
Embattled Rachel Reeves could hike taxes AGAIN this spring - here's where she may strike
44 Comments
Lower wages, higher prices and austerity 2.0 - how Rachel Reeves destroyed the economy
69 Comments
Dragons' Den star Sara Davies forced to rescue failing business she started as a student
1 Comments
Rachel Reeves 'very depressed' and 'cant see way out' of UK economy woes
824 Comments
Rachel Reeves gambles with national security to 'bet on red' with China trip
364 Comments
Rachel Reeves' tax bomb threatens my family's future - our farm may not survive
37 Comments
Rachel Reeves dealt massive blow as Bank of England exposes huge problem
37 Comments
Rachel Reeves issued major warning as tourist tax fears in Britain grow
28 Comments
The Vertical Cellphone Bag Is Taking Nevada By StormGrishay Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Food prices warning to anyone buying olive oil, chocolate or butter
9 Comments
Crisis in Majorca as tourists abandon island over high prices
34 Comments
3 Ways Japanese Use Turmeric to Drop WeightLife Is Good
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Fury as Rachel Reeves plots new 'hotel tax' on British tourists
248 Comments
Rachel Reeves Budget changes could lead to Sainsbury's price rise
89 Comments
New and Permanent Teeth in 24 Hours - Life Changing!G4 By Golpa Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves's inheritance tax raid 'risks my family's future', worried farmer warns
31 Comments
Crisis in London as big firms ‘stop hiring' and say ‘it's all Rachel Reeves's fault'
4 Comments
10 Commonly Missed Tax DeductionsTurboTax Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Labour's tax raid: why lifeblood businesses are petrified about April's tipping point
1 Comments
UK shoppers buying cheap clothes warned as China factory staff ‘working 31 days a month'
13 Comments
Legal Steroid Alternative is Turning 40+ Men Into Beasts!ApexLabs Try Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves, one thing about you is becoming more obvious by the day
254 Comments
Rachel Reeves' nightmare budget blamed for UK clothes price hike by retail boss
3 Comments
Legal Steroid Alternative is Turning Older Men Into STUDS!ApexLabs Try Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Angela Rayner humiliated as builders warn her house building plan will fail
66 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
28 Comments
Should My Partner and I File Jointly or Separately?TurboTax Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Embattled Rachel Reeves could hike taxes AGAIN this spring - here's where she may strike
44 Comments
Lower wages, higher prices and austerity 2.0 - how Rachel Reeves destroyed the economy
69 Comments
Dating For Older Singles!DateMyAge Sign Up
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Dragons' Den star Sara Davies forced to rescue failing business she started as a student
1 Comments
Rachel Reeves 'very depressed' and 'cant see way out' of UK economy woes
824 Comments
Seniors in Las Vegas: Big Debt Relief (See How)Finance Advisors Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves gambles with national security to 'bet on red' with China trip
364 Comments
Rachel Reeves' tax bomb threatens my family's future - our farm may not survive
37 Comments
Clear Your Ears and Hear Better with This Breakthrough Spray!Better Hearing Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves dealt massive blow as Bank of England exposes huge problem
37 Comments
Rachel Reeves issued major warning as tourist tax fears in Britain grow
28 Comments
Food prices warning to anyone buying olive oil, chocolate or butter
9 Comments
Crisis in Majorca as tourists abandon island over high prices
34 Comments
Fury as Rachel Reeves plots new 'hotel tax' on British tourists
248 Comments
Rachel Reeves Budget changes could lead to Sainsbury's price rise
89 Comments
Rachel Reeves's inheritance tax raid 'risks my family's future', worried farmer warns
31 Comments
Crisis in London as big firms ‘stop hiring' and say ‘it's all Rachel Reeves's fault'
4 Comments
Labour's tax raid: why lifeblood businesses are petrified about April's tipping point
1 Comments
UK shoppers buying cheap clothes warned as China factory staff ‘working 31 days a month'
13 Comments
Rachel Reeves, one thing about you is becoming more obvious by the day
254 Comments
Rachel Reeves' nightmare budget blamed for UK clothes price hike by retail boss
3 Comments
Angela Rayner humiliated as builders warn her house building plan will fail
66 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
28 Comments
Embattled Rachel Reeves could hike taxes AGAIN this spring - here's where she may strike
44 Comments
Rebuilding Nerves? Nightly Action to Tackle Neuropathy's Root CauseHealth Insight Journal
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Thousands of men adore this cozy cashmere sweatshirt.Made in USA
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Don't Borrow From The Bank If You Own a Home, Do This Instead (It's Genius)Lendgo
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
3 Insane Cards Now Charging 0% Interest Until Nearly 2027CompareCredit
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
"So it's a big, big gamble. I don't want to see ￡20 fish and chips in Edinburgh's Grassmarket, but that's what we are looking at. These are the battles we're facing."
Ms Maclean also expressed fears that footfall will drop and that it could seem to be "even more of a luxury item" if people do not have as much money to spend.
Ms Maclean concluded: "The phrase we are using is 'Survive '25."