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Kate Nicholls, Chair of UKHospitality – Image Credit UKHospitality A UKHospitality projection indicates significant job losses in the hospitality industry, attributed to financial impacts from the previous year’s Budget. The sector has reportedly faced £3.4 billion in additional annual costs since last October. The lowering of the employer National Insurance Contributions (NICs) threshold has been identified as a key factor, affecting 774,000 part-time and flexible workers who are now subject to tax. Recent data from the ONS shows that 10,963 hospitality jobs were lost in the past month alone. This brings the total number of jobs lost in the sector…
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