We started the year with high hopes following on from Covid, but the world has been turned on its head by the evil invasion of Ukraine which has infected the world with both energy and foods being weaponised by Russia as well as the destruction of a neighbouring country in Europe. It hasn’t quite worked out as we had all hoped for the markets to open up.
The much-awaited Autumn statement did little to help small businesses with no obvious plan for growth, a raising of minimum wage from £9.50 to £10.42 from April 2023, no lowering of the VAT rate and an announcement of a review of energy support for businesses by the end of the year.
There was also a failure to recognise the chronic staff shortage in hospitality, which could be easily remedied by a relaxation of immigration rules which currently restrict employment and stifle growth.
Having three different Prime Ministers in the UK has certainly not helped our situation at home with the Truss/ Kwarteng “mini budget” debacle spooking the world finance markets and causing all of us even more hardship. Someone once told me that in these cases the level of pay-off was in direct proportion to the size of the cock-up, so I hope they don’t see a great reward for this.
Speaking with small business operators in our sector, I know many are very concerned about how they will survive if something major is not done to support them when energy deals end or caps increase. I think a miracle is called for or we will see many independent shops close. I would like to thank all of our advertisers and contributors who have continued to support Fast Food Professional through this difficult year and we wish you all a very Happy Christmas and our very best wishes for 2023
Wishing all of our readers a Very Happy Christmas
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Fast Food Professional is published six times a year (February & March), (April & May), (June & July), August & September), (October & November) and (December & January).
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Where has this year gone and what a lot has changed during such a short time?