Living on a cliff edge: 150 Hitchin and Harpenden businesses face cost of living crisis
150 hospitality businesses in Hitchin and Harpenden face cost of living cliff edge
150 businesses in the Hitchin and Harpenden constituency are facing a huge £650,000 energy bill increase once Government support is slashed in April, new analysis from the Liberal Democrats has revealed.
The analysis shows that the average bill increase per business is likely to be £4,334.
According to official statistics, there are 150 pubs, restaurants and cafes at risk in the Hitchin & Harpenden constituency, facing a rise in energy bills by thousands of pounds.
Commenting Liberal Democrat Spokesperson for Hitchin & Harpenden Sam Collins said: "Once again the Conservatives seem determined to give pubs and restaurants in our area a very hard time.
"They had inadequate support during the lockdown, and for a long time have had to deal with a deeply unfair business rates system, now the Government is failing to help them with rising energy costs. As a result countless businesses in our area are facing a cliff edge this year.
"Our pubs, restaurants and cafes have endured so much already, people will be devastated to see any more harm to our local high streets.
"The Government needs to give businesses around here the support they need to endure this energy bill catastrophe.
"Ministers in Westminster must not wait a moment more. Liberal Democrats are calling for them to intervene and think again about this change - if they don't we could see thousands of businesses, including pubs, restaurants and cafes going bust. This could rip the heart out of our communities."
The Government initially capped the cost of business energy, but from April they are replacing that scheme and will instead just pay a small proportion of businesses' increased costs. This means many pubs, cafes and restaurants will see a 90% cut in help from the government.
The Liberal Democrats are calling for the government to think again. Businesses across the country are worried about the cliff edge they're facing this year and Ministers need to listen to businesses about the risks they are facing before they withdraw support.
Sam has long fought for better support for small businesses in our area especially those working in hospitality sector, and has vowed to continue to do so.
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