89,000 UK jobs lost in hospitality since autumn Budget
📈 UK, since October: The hospitality sector faced 89,000 job losses, over half of the UK's total cuts, as a consequence of NICs policy changes. This figure triples the initial forecast of 50,000 and represents a 4.1% workforce reduction, seven times the broader economic rate. UKHospitality, led by Kate Nicholls, urges the government to lower business rates, fix NICs, and cut VAT in the upcoming Budget to safeguard employment.
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