UKHospitality launches #TaxedOut campaign

UKHospitality has claimed that the 2024 budget was a ‘hammer blow’ to hospitality In its new campaign. It has said that it has cost hospitality 69,000 jobs – three times that seen in the wider economy.

In the same period in the previous year, hospitality created 18,000 new jobs. Even before the budget, the sector paid twice as much tax as financial services as a proportion of pre-tax profits.

The UKHospitality Social Productivity Index shows that hospitality is the highest performing socially productive sector, creating jobs and routes into training and careers which are available to everyone, everywhere, from our cities, to our towns and coastal and rural communities. 

The proposal
The industry body says that in this year’s budget, hospitality needs a fundamental change of approach from government. Therefore, UKHospitality is calling for three immediate changes that can be made to take the brakes off the sector in order to create places where people want to live, work and invest:

• Lower business rates to revive high streets
• Fix NICs to boost jobs
• Cut VAT on hospitality to drive investment

A UKHospitality spokesperson said: “We are calling on everyone in hospitality to tell the government that we are being taxed out. The more pressure we can put on the government to address the impacts of these measures, the more chance we have of getting changes that deliver growth, employment and investment.”

To learn more about the campaign, click here. 

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