The leisure and hospitality sector is more pessimistic than most about the liklihood of the tax and red tape burden being lifted over the next decade, according to a survey by Barclays Corporate.
The survey of 664 firms, including 52 leisure and hospitality companies, found 64% expect to deal with more red tape in 10 year’s time, while 61% expect taxes to be higher.
Among leisure and hospitality firms, the proportions are 68% and 66%.
Three in 10 companies in the sector also expect there to be more reliance on the public sector for employment in 10 year’s time, although 42% expect there to be less. And 59% don’t believe state education will be successful in supporting businesses.
Mike Saul, head of Hospitality and Leisure at Barclays Corporate, said: “The importance of traineeships and apprenticeships in this sector cannot be over-emphasised.
"With the majority of UK hospitality and leisure businesses believing state education will fail to sufficiently support growth in the industry, a concerted and proactive effort to advocate how education policy will best facilitate growth must be made.”
