New analysis of jobs data by the trade body UKHospitality reveals that hospitality has accounted for 53% of all job losses in the UK since the Budget, confirming the sector is the hardest hit by tax increases.
The scale of job losses is three times worse than estimated by the Office for Budget Responsibility, which predicted 50,000 job losses as a direct result of changes to employer NICs.
One in 25 jobs in hospitality have been lost – representing 4.1% of all jobs in the sector while The percentage of job losses within hospitality, as a proportion of its total workforce, is seven times larger than the rate of the wider UK economy.
This new analysis is a further illustration of the regressive nature of changes to employer National Insurance Contributions, in particular the lowering of the threshold. These changes have directly hit part-time and flexible jobs.
The Trade Body is calling forurgent action at the Budget this autumn.
“The Government needs to lower business rates, fix NICs and cut VAT to stop hospitali
