Fresh analysis of Office for National Statistics (ONS) jobs data by UK Hospitality can reveal that more than half of all job losses since the Autumn Budget have been in the hospitality sector.
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A treasury minister has said there are “no current plans” to further extend the reduction in VAT for hospitality businesses despite estimates that rising rates could directly and permanently impact the sector and lead to the loss of up to 310,000 jobs.
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M&S has announced it will cull 7,000 members of staff as the company shifts resources towards areas that are expanding, while decreasing resources in the home and clothing departments.
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South Africa’s already hard-pressed wine industry has greeted the renewed ban on alcohol sales with dismay, with Vinpro describing the government-imposed clamp down as a “devastating blow”.
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UK Hospitality has again called on the UK government to intervene in the ongoing rent stalemate to prevent “widespread job losses and business failures” across the sector.
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