UKHospitality launches #TaxedOut campaign
The campaign aims to put pressure on the government to address the impact tax has had on hospitality
In its new campaign, UKHospitality has noted that the 2024 Budget was a hammer blow to hospitality.
It has already 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
In this year’s Budget hospitality needs a fundamental change of approach from Government.
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
UKHospitality is calling on everyone in hospitality to tell the Government that we are being #TaxedOut.
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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