More than half of job losses since Budget have been in hospitality

More than half of job losses since Rachel Reeves' tax raid on firms have been in pubs, cafes, restaurants and other hospitality businesses, an analysis has found.

Research by UKHospitality, an industry lobby group, showed almost 89,000 jobs have been lost in the hospitality sector since the Budget last October.

This was 53 per cent of the 164,641 total job losses in the UK reported by the Office for National Statistics over the same period.

The scale of job losses is three times worse than estimated by the Office for Budget Responsibility.

The fiscal watchdog predicted 50,000 job losses as a direct result of the Chancellor's hike of employer National Insurance contributions.