One in five UK hospitality businesses fear collapse as costs surge

Exclusive: Pubs, restaurants and hotels warn of mounting pressure days before rates rises and higher wage bills take effect

One in five hospitality businesses fear collapse in the next 12 months, according to an industry-wide survey that comes days before rises in tax and employment costs kick in.

From Wednesday, many pub, restaurant and hotel companies face the prospect of a higher bill for business rates paid to their local authority, while an increase in minimum wage thresholds takes effect on the same day.