The fluctuating rates in National Insurance Contributions and minimum wage hikes could collectively strain the hospitality sector, which already grapples with narrow profit margins.
Kate Nicholls highlights that the proposed tax increases present a worrying outlook for the hospitality industry, particularly due to diminishing consumer spending and existing economic pressures.
Philip Harrison stated that this is a pivotal moment for the government to act wisely, suggesting that the hospitality sector needs stronger support for resilience and growth.
Experts are calling for enhanced government investments directed towards sustainability and workforce training, emphasizing the urgent need for support in these areas as costs rise.
#hospitality-sector #tax-changes #national-insurance-contributions #business-rates-reform #small-business-support
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