The Autumn Budget’s employment tax measures will raise the cost of employing full-time staff by at least £2,500, according to an analysis released by UKHospitality.
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The hospitality sector is facing a substantial increase in operating costs as the Chancellor confirms a 6.7% rise in the National Living Wage, set to take effect in April 2025. The uplift will raise the hourly rate from £11.44 to £12.21, directly impacting more than 3 million workers and adding an estimated £1.9bn to the hospitality sector’s wage bill.
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The Low Pay Commission (LPC) has been instructed to recommend a new National Living Wage to take effect from April 2025.
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