US Edition‘Staggering’ job losses in hospitality since budget tax rises
Tax increases since October 2024 have led to nearly 89,000 hospitality job losses, representing 53% of UK job cuts and a rate seven times higher than the overall economy, UKHospitality said.
- UKHospitality reported that 4.1% of jobs in hospitality were lost since October 2024, representing over half of total UK job losses in that period.
- These job losses followed government tax changes last October, including a rise in employer National Insurance contributions from 13.8% to 15%.
- Trade bodies such as the Scottish Licensed Trade Association found 75% of outlets less profitable and businesses forced to cut staffing amid increasing cost pressures.
- Kate Nicholls highlighted the significant scale of employment reductions in the hospitality sector following the Budget and urged the government to roll back recent tax hikes to support the industry.
- The figures suggest urgent government action is required to support hospitality, including cuts to VAT, reform of business rates, and fixing NICs to prevent further job losses.
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Total News Sources22
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 29%
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