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£14 for a latte could become a reality, warn coffee shop owners

12 Sep 2022

The owners of a coffee shop in Kent have wanted that they may need to increase the price of coffees to £14 each to meet their rising energy costs.
Read more…

More than a third of business leaders would vote against UK ‘switch off’ law for employees

12 Sep 2022

Over a third of business leaders have said they would vote against the introduction of a law in the UK that would protect an employee’s right ‘to switch off’, similar to the... Read more…

Monday 19 September confirmed Bank Holiday

12 Sep 2022

It has been announced that Monday 19 September will be a national Bank Holiday to mark the date of Her Majesty Queen Elizabeth II's State Funeral.
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#BikeIsBest launches powerful billboard ad campaign

8 Sep 2022

We’re giving our support again to the #BikeIsBest campaign and particularly its latest billboard campaign which disputes the arguments that electric vehicles are a "catch-all" solution and... Read more…

Government Energy Support Package for Businesses

8 Sep 2022

The new Prime Minister Liz Truss has announced the much-anticipated support plan to help households and businesses cope with rising energy costs.
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27% drop in number of cycling trips per person in 2021 compared to 2020, new data reveals.

6 Sep 2022

27% drop in number of cycling trips per person in 2021 compared to 2020, new data reveals.
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It’s Cycle September

5 Sep 2022

There’s still time for bike shops to urge their customers to get involved with Cycle September, the world’s biggest group ride.
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Time for indie retailers to lobby MPs for energy help

2 Sep 2022

ActSmart, ACT, Booksellers Association, Craft Bakers Association, British Sandwich & Food to Go Association and the Café Life Association from the Independent Retailers’... Read more…

More people leaving shops without paying amid cost-of-living crisis

1 Sep 2022

Home Office data has shown more customers leaving shops, restaurants and petrol stations without paying as the cost-of-living crisis bites. The data shows there were 51,486 offences of... Read more…

Charity ramps up financial advice for independent retailers

31 Aug 2022

Industry charity GroceryAid has teamed up with Business Debtline to provide support and guidance to the growing number of independent retailers facing debt and unpaid invoices.
The move... Read more…

£14 for a latte could become a reality, warn coffee shop owners

Posted on in Business News, Cycles News

The owners of a coffee shop in Kent have wanted that they may need to increase the price of coffees to £14 each to meet their rising energy costs.

Chris and Anna Vidler, who own an independent restaurant called The Lane in Deal, Kent, expect their gas and electric bills to increase to more than five times than they are currently paying. And to keep up with rising energy prices, they have calculated that their £2.90 latte would have to rise to £14.30 a cup.

As reported in the Daily Mirror, Chris said: "We are already down, despite a reasonably busy summer. We're noticing empty seats because people are staying home when they don't have as much money to spend."

When shop’s electricity contract runs out at the end of this year, new quotes take the price from £15,000 per year to around £69,000. At the end of February their gas contract will also need to be renewed - with the new quote set to take them from around £400 per month to around £2,400.

Chris added that while the Prime Minister has introduced a cap on energy bills for households, as a business owner he is left confused about what to do.

The Prime Minister last week announced an unprecedented intervention in the energy market to cap household bills at £2,500, promising an “equivalent guarantee” for businesses for the next six months. But little detail was given by the government on how it intended to cap costs for the business sector, where pricing is more complex. It is thought that this further detail could be delayed by a period of national mourning following the death of the Queen.

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