Hospitality jobs account for 53% of post-Budget losses, UKH finds
📈 UK, since October: Hospitality sector faced 88,964 job losses, making up 53% of the UK's total 164,641 job losses. This is over thrice the 50,000 predicted by the OBR due to National Insurance Contribution (NICs) changes. Hospitality job loss rate at 4.1% (1 in 25 roles) is seven times higher than the national average. UKHospitality urges government intervention in the upcoming Budget to alleviate this impact by adjusting NICs, VAT, and business rates.
Share