Carla Whelan, CEO of the Regis and Supercuts salon group, expressed deep concerns regarding the budget's implications on salons, stating, 'The cost of employment has created an impossible profit and loss scenario for individual hair salons, where labour accounts for about 50% of costs.' This highlights a critical crisis where rising employment costs threaten the very existence of numerous salons, compelling some to consider drastic measures to remain operational.
Toby Dicker, a salon owner, commented on the severe financial strain imposed by the new national insurance changes, saying, 'These changes would cost my business an additional £122,000, pushing some salon owners toward a self-employed model as a last-ditch effort to cut expenses.' His statement underscores the substantial economic burden many salon proprietors are facing, potentially forcing them to alter their employment structures.
Andrew Collinge, chairman of Collinge & Co, communicated his distress over the budget's impact, indicating, 'We believe in contributing through paying taxes, but this budget appears to unfairly target employment.' This sentiment is reflective of broader worries within the industry, suggesting a deep frustration with policies perceived as harmful to sustainable business practices.
The British Hair Consortium survey revealed alarming statistics, noting that '40% of salon owners are now contemplating closure in the next year, with most citing unaffordable employment costs.' This statistic illuminates the urgent need for intervention to prevent widespread business closures within the hair salon sector.
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