Research indicates that over 70% of hospitality firms expect to reduce staff levels due to impending tax increases, including employer national insurance contributions set to rise. A poll conducted by several industry bodies revealed that 60% will also abandon planned investments due to rising costs. The hospitality sector is urging the government to postpone these changes to mitigate job losses and support ongoing contributions to economic growth, emphasizing the importance of this industry for local economies amid rising operational expenses and minimum wage hikes.
More than two-thirds of hospitality businesses will reduce staffing as a result of upcoming tax changes, heightening concerns over employment and economic growth.
The industry groups are calling on the government to delay changes to employer national insurance contributions that threaten jobs and vital investments.
60% of hospitality businesses plan to cancel investments due to the increased expenses from higher employer NICs and changing employer thresholds.
Trade bodies argue that raising costs at this time will harm employment levels and limit the sector's contributions to economic recovery.
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