The hospitality industry faces an 'unsustainable' National Insurance hike, which will lead to job cuts and small business closures because firms can't pass costs to customers.
The chancellor's National Insurance changes will allegedly generate £25 billion for public services, but the cost to businesses could drastically cut jobs and investment plans.
The letter from over 200 hospitality bosses urges the government to protect businesses who employ low earners, citing detrimental effects on flexible working for older workers.
Businesses ‘do not have the capacity to pass the costs onto consumers,’ leading to drastic job cuts and closures among smaller firms due to new NICs.
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