HOSPITALITY SECTOR LOSES £1.8 BILLION A YEAR WITH ‘DISORDERLY BREXIT’

06.03.2019

London, March 2019 - A ‘disorderly Brexit’ could see the UK’s hospitality industry suffer a £1.8 billion loss, compared to an ‘orderly Brexit’ – a study has revealed.

The report, developed by workforce management expert Quinyx in collaboration with Development Economics and Censuswide, includes economic analysis of ONS data and findings from an employer sentiment survey of 1,008 senior decision makers in UK firms that hire blue-collar workers.

Mansoor Malik, managing director UK & International at Quinyx, said: ‘’The impact that a disorderly Brexit will have on the UK’s kitchen staff, restaurant workers, and cleaners as well as the hospitality businesses that employ them is concerning.

“Access to manual workers or those in elementary service roles is crucial for ensuring the UK’s economic wellbeing – and employers need to make plans to avoid staff shortages in the future.

‘’A first step for employers facing staff shortages is looking at ways that they can bridge the gap between supply and demand. Given the degree of uncertainty on the horizon, seeking out new ways to attract and retain domestic workers should be a primary focus.’’

As part of the research, Quinyx compared the predicted growth and economic output of the UK’s manual and elementary service workers in the hospitality sector under both a disorderly and an orderly Brexit scenario.

The comparison found that the overall increase in economic output generated by the these hospitality workers would be over £3.4 billion per year by 2024 under an orderly Brexit, compared to over £1.6 billion per year under a disorderly Brexit – this equates to a 52% reduction or £1.8 billion loss each year.

It 'highlights the importance' of hospitality workers to the UK economy, and the ‘severe impact’ Brexit uncertainty will have on their jobs.

 

Read the full article here: http://costsectorcatering.co.uk/hospitality-sector-loses-ps18-billion-year-disorderly-brexit

 

Joti Jangra