UKH urges Gov to work with hospitality as ‘eyewatering’ £3.4bn costs hit

UKH urges Gov to work with hospitality as ‘eyewatering’ £3.4bn costs hit

UKHospitality has urged the government to work with hospitality to help bring growth and jobs back to the sector on the day (1 April) that £3.4bn of new annual costs hit the sector. It comes as hospitality businesses will now face an additional £1.9bn in wage costs, £1bn of employer National Insurance Contributions (NICs) and £500m in business rates, as a result of relief being lowered from 75% to 40%. The cost of employing a full-time member of…