A survey of hospitality operators from across the sector highlights the impact of recent changes on employers’ contributions to national insurance (NICS) to hospitality businesses.
A survey conducted by Ukhospitality, the British Institute of Innkeeping, the British Beer & Pub Association, and Hospitality Ulster shows that a third of UK hospitality companies are currently losing it. This is an 11% increase compared to the previous quarter.
Six in 10 reported that they must cut jobs, with 63% floating down the time available to staff and mitigating the increase.
The survey was conducted last month (May) and is the first indication of the impact of the changes that hit the sector in April. More than half of operators have been forced to cancel investments, and 76% of hospitality operators report that they had to raise prices, which also reports that there is a knock-on effect on consumers and the wider economy.
In a joint statement, the trade agency said: “It appears the government is setting it up to miss its own targets on these recent cost hikes in the hospitality sector.
“Hospitality is essential to the UK economy, but ongoing costs are under threat. The April increase has worsened. Jobs are lost.
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