Hospitality Job Losses Set to Reach 111,000 by Budget - Scottish Business News

Hospitality on Edge: 111,000 Jobs Could Vanish by Next Budget

The hospitality industry is hurtling towards a grim milestone: 111,000 job losses by the next Budget on 26 November, unless urgent action intervenes. That’s the stark projection based on new figures from the Office for National Statistics (ONS).More than half of all jobs lost across the economy since last October are in hospitality. The sector has already shed 84,000 jobs — that’s about 4% of all roles in hotels, restaurants, pubs and foodservic…

Hospitality job losses set to reach 111,000 by budget - Scottish Business News

The projection, based on current trends, shows the remarkable damage done to hospitality teams and businesses, as a result of last October’s Budget. UKHospitality is projecting that 111,000 jobs will have been lost in hospitality by the Budget on November 26, which will be almost 13 months on from the previous Budget that hit hospitality with £3.4 billion of additional annual cost. The projection, based on the latest data from the Office for Nat…

Hospitality job losses to hit 111,000 by next budget, UKH finds

UKHospitality (UKH) has projected that 111,000 jobs will have been lost in hospitality by the upcoming budget, which is set to be announced on 26 November. Based on the latest data from the Office for National Statistics (ONS), the group said this is “illustrative of the impact these costs have had on jobs”.  It added that the lowering of the employer NICs threshold has been the most damaging, bringing 774,000 people working part-time and flexib…

Hospitality Job Losses Set to Reach 111,000 by Budget - Hospitality & Catering News

We do not allow copying of our content which is subject to copyright. Royalty Payments and access to our content is via: NLA media access Limited Lonsdale Gardens WC2H 9JQ Tunbridge Wells Tel: 01892 525273 UKHospitality is projecting that 111,000 jobs will have been lost in hospitality by the Budget on November 26, which will be almost 13 months on from the previous Budget that hit hospitality with £3.4 billion of additional annual cost. The pro…

UKHospitality announces job losses set to reach 111,000 by Budget - Harpers Wine & Spirit Trade News

UKHospitality has projected that a total of 111,000 hospitality jobs will have been lost by the Budget on 26 November. Few could have missed that the...