625,000 jobs could be lost sector-wide, warns UKHospitality

Kate Nicholls, chief executive of UKHospitality
26/10/2018 - 10:32
UK government will announce its Autumn Budget on Monday (29 October), but trade body UKHospitality already has trepidations - warning that 625,000 ‘vital’ sector jobs could be lost over the next five years.

Following the publication of the ‘Economic Contribution of the UK Hospitality Industry Report,’ the national organisation said that “hundreds of thousands of vital sector jobs could be lost and investment stunted” if it continues to be overtaxed without government support.

Calling for ‘urgent’ action on business taxation, chief executive Kate Nicholls added: “This is sobering news and it should serve as a huge warning sign for the Government.

“Thousands of hospitality businesses face a £113m business rates bombshell from next April. They are increasingly struggling from the effects of a disastrous rates revaluation last year and an archaic tax system that is shutting down the UK’s growth engine and resulting in a bloodbath on our high streets.

“The threat of losing over half a million UK jobs must surely be reason enough for immediate action.

“We call on the Chancellor to announce a freeze on business rates increases in the Budget and introduce a new digital tax to slash the rates burden on hospitality from April 2020.”
 

Copyright 2017 Cost Sector Catering
Dewberry Redpoint Limited is a company Registered in England and Wales No : 03129594 Registered Office:
John Carpenter House, John Carpenter Street, London EC4Y 0AN, UK, VAT registered, number 586 7988 48.

Design & Development by Eton Digital