Eating places and pubs have suffered “devastating” job losses after Rachel Reeves’s tax raid on companies, bosses have stated.
The hospitality business has misplaced greater than 108,000 payroll jobs over the past yr, in accordance with official figures out in the present day, with retail and wholesale down greater than 65,500.
Trade physique UK Hospitality stated the sector has misplaced 84,000 jobs since final yr’s Finances, when the Chancellor hiked Nationwide Insurance coverage contributions (Nics) and the minimal wage.
The sector’s complete job losses for the reason that Finances has risen by 13,000 jobs in a month, the organisation stated, which accounts for almost half – 45pc – of all job losses.