The British Retail Consortium has raised concerns about the potential loss of part-time jobs in the retail sector due to the Budget and regulatory changes. As the largest private sector employer in the UK, retail provides over 1.5 million part-time jobs, crucial for students, parents, and seasonal workers. However, rising employer National Insurance Contributions and changes to the NICs thresholds could put up to 160,000 of these positions at risk over the next three years, significantly impacting employment opportunities, especially for young people under 25.
The British Retail Consortium warns that upcoming regulatory changes and rising employer costs threaten around 160,000 part-time retail jobs, significantly affecting young workers.
The retail industry is the UK’s largest private sector employer, holding over 1.5 million part-time jobs, which are crucial for students and parents.
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