The hospitality sector has accounted for more than half of all job losses since the Budget, according to a report.
Bars, restaurants, hotels and pubs have been hit particularly hard since Rachel Reeves hammered business with a £25billion rise in National Insurance Contributions and an inflation-busting hike in the minimum wage.
Raising a glass: Bars, restaurants, hotels and pubs have been hit particularly hard since Rachel Reeves hammered business
Trade body UK Hospitality says its analysis shows 53 per cent of job losses have come in hospitality, and wants ‘urgent action’ in this autumn’s Budget, such as cuts to business rates and VAT ‘to stop hospitality businesses being taxed out of existence and to reverse the damage’.
Chairman Kate Nicholls said: ‘The number of job losses is staggering. Our sector has been by far the hardest-hit by the Government’s regressive tax increases.’
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