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Evening Standard
Evening Standard
Business
Jonathan Prynn

More than 2000 hospitality businesses 'set to close this year'

More than 2000 pubs, bars, restaurants and hotels - including hundreds in London - will close this year without a massive rethink on business rates, the Government was warned today.

Trade body UKHospitality said its modelling suggested 2,076 business will close - around six a day - as they struggle to pay their bills as business rates go up in April.

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