UK Hospitality Industry Sees 100,000 Payroll Reduction in April Amid Rising Youth Unemployment and Fiscal Pressures
🏨 UK unemployment reached 5% from January to March, while youth unemployment hit 14.7%, the highest since 2014, according to the ONS. Hospitality payrolls dropped by 100,000 in April. UKHospitality blames job cuts on increased business costs, including a £5bn burden from recent budgets, national minimum wage hikes, and higher business rates. Kate Nicholls of UKHospitality urges government to reduce VAT and business rates to counteract job losses and support economic growth.
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