Caithness Hotel Group Facing Energy Bill Of £130,000 Each Year
25th October 2021
The sum represents a 70% shift and comes as The Caithness Collection - which includes the Norseman Hotel in Wick, Thurso's Pentland Hotel and the Castletown Hotel - reaches the end of a 24-month deal next week. Owner Andrew Mackay says the best quote on offer will take the annual cost to almost £130,000.
Read the story in The National
Also small mentioned in Today UK News
Energy costs are one of several rising cost facing businesses. Other cost rising include Food cost increasing, end of the Furlough Scheme helping may businesses to cover wages. Rising shipping costs for some retail businesses and increased fuel costs for vehicles. The increase in National Insurance affects employees but also employers as they pay part of each employees National Insurance and that increase kicks in from April 2022.
As increases in the cost of living will hit everyone's pocket it may force families to reduce spending that will hit many businesses.
The budget and spending review from Chancellor Rishi Sunak coming tis week is unlikely to give much respite as he cannot control the world gas price or oil price. Labour shortages in many advance economies is leading to demand for wage rises.